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Nippon Steel and U.S. Steel have filed a lawsuit challenging the Biden administration's order to block the nearly $15 billion deal for the Japanese company to buy the American steelmaker.
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 ...
But Nippon Steel countered that its investments, made by a company from an allied nation, would in fact shore up U.S. Steel's output, and it won a 90-day review extension. That extension gave ...
(Reuters) -Japan's Nippon Steel has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel's production capacity, as part of its efforts to secure President Joe Biden ...
President Joe Biden decided to block the $14 billion takeover of US Steel by Japan’s Nippon Steel even though some top US officials did not believe there were sufficient national security ...
The Nippon Steel acquisition is more than a simple transaction; it is a strategic investment in America’s future. Let’s not let politics or misplaced fears turn it into a missed opportunity.
Shares of US Steel dropped as much as 21.8% to a two-month low of $30.55 following the Bloomberg report, and triggered multiple trading halts for share price volatility and closed down 10% at $35.26.
(The Center Square) – President Joe Biden blocked a $14.9 billion buyout of Pittsburgh-based U.S. Steel on Friday. The move, albeit not surprising after a year of negotiations that left the ...