A new rival bid for US Steel is emerging as the ... - Associated Press News
Jan 13, 2025 · The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, ... Lourenco Goncalves, the CEO of Ohio-based steelmaker Cleveland Cliffs, said in a news conference Monday that he wanted to make a new bid for U.S. Steel, which accepted the buyout offer from Nippon in 2023 after it rejected an offer by Cleveland-Cliffs. ...
Biden blocks Japan's Nippon Steel from acquiring U.S. Steel - NBC News
Jan 3, 2025 · 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...
Biden blocks $14 billion acquisition of US Steel by Japan's Nippon ...
Jan 3, 2025 · WASHINGTON (AP) — President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the presidential campaign trail to prevent the acquisition of Steeltown USA’s most storied steel company.
Biden blocks Japan’s Nippon from taking over US Steel
Jan 3, 2025 · 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...
Biden Blocks $15B Japan Takeover of US Steel, Cites Security Risk
Jan 3, 2025 · President Joe Biden has formally blocked a proposed near-$15 billion acquisition of U.S. Steel by Nippon Steel of Japan due to "national security" concerns.
Biden blocks Nippon Steel’s $15 billion proposal to purchase
Jan 3, 2025 · President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the presidential...
Biden Blocks $14.9 Billion Sale of U.S. Steel to Japan's Nippon Steel ...
Jan 3, 2025 · President Joe Biden has officially blocked the proposed $14.9 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns and the importance of maintaining a strong, domestically owned steel industry.
With Nippon Deal Blocked, What's Next for US Steel? - Investopedia
Jan 3, 2025 · President Joe Biden on Friday blocked Japanese steel giant Nippon's $14 billion acquisition of U.S. Steel. The companies have vowed to challenge the decision and continue pursuing the deal.
Biden Has Blocked the Nippon Steel Takeover. What Happens Now?
Jan 9, 2025 · Outgoing U.S. President Joe Biden’s eleventh-hour block of the nearly $15 billion bid by Nippon Steel to purchase U.S. Steel, while long expected and now challenged in court, has dealt a blow...
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