US rejection of Nippon Steel's bid for US Steel rankles …
23 hours ago · Nippon Steel Chief Executive Eiji Hashimoto said the top Japanese steelmaker was standing firm on its proposed $15 billion friendly acquisition. Nippon Steel and U.S. Steel filed a federal lawsuit challenging the Biden administration’s decision. But the assertion that the proposed deal could threaten U.S. national security has stung.
Japanese steelmaker vows not to give up on buying U.S. Steel - NBC News
1 day ago · The blocking of the proposed deal by Nippon Steel cast a shadow over a final visit to Japan by outgoing Secretary of State Antony Blinken, amid worries that it could sour U.S. relations with a key ...
Nippon Steel stands firm on proposed $15 ... - Associated Press News
1 day ago · TOKYO (AP) — Nippon Steel was standing firm on its proposed $15 billion acquisition of U.S. Steel, Chief Executive Eiji Hashimoto said Tuesday after President Joe Biden’s blocked the top Japanese steelmaker’s move. “There is no reason or need to give up,” he told reporters at company headquarters in Tokyo.
Biden blocks Japan's Nippon Steel from acquiring U.S. Steel - NBC News
4 days ago · President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company Nippon Steel, capping off a yearlong business saga that drifted into ...
U.S. Steel sues to salvage its sale to Japan's Nippon Steel
1 day ago · U.S. Steel filed a lawsuit to defend its $15 billion sale to Nippon Steel of Japan. President Biden moved to block the sale on Friday, but the companies accuse Biden of playing politics and ...
Biden blocks $14 billion acquisition of US Steel by Japan's Nippon ...
4 days ago · Nippon Steel announced in December 2023 that it planned to buy the steel producer for $14.9 billion in cash and debt, and committed to keep the U.S. Steel name and Pittsburgh headquarters. Despite that, its proposal raised concerns about what the transaction could mean for unionized workers, supply chains and U.S. national security.
U.S. Steel and Nippon Sue Biden Over Blocked Merger
1 day ago · However, Mr. Biden’s move to terminate Nippon’s $14 billion bid for U.S. Steel raised questions about whether those powers were being abused, given that Japan is a close ally of the United States.
Joe Biden blocks Japan's Nippon Steel from buying US Steel - BBC
Biden's decision comes a year after Nippon Steel first announced the $14.9bn (£12bn) deal to buy its smaller Pennsylvania-based rival.. It raises significant questions about the path forward for ...
Biden blocks Japan’s Nippon from taking over US Steel
4 days ago · President Joe Biden said Friday he is blocking a $14.3 billion acquisition of US Steel by Japan’s Nippon Steel, marking a significant use of executive authority in the closing days of his ...
Fate of US Steel’s deal with Japan’s Nippon is now up to ... - CNN
Dec 23, 2024 · The fate of Nippon Steel’s acquisition of US Steel is now in the hands of Biden, who is expected to block it after arguing for months that the company should remain American-owned to protect...