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Biden blocks Nippon bid to buy US Steel
Biden officially blocks Nippon Steel’s acquisition of US Steel
Biden cites national security as a chief reason for his decision, but the steelmakers say the ruling is politically motivated and are considering legal action.
Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon
The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year.
Biden rejects proposal that would allow Japanese company to buy U.S. Steel
U.S. Steel employs thousands of workers on Minnesota's Iron Range at Minntac in Mountain Iron and Keetac in Keewatin.
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2h
Biden blocks $15B Nippon-U.S. Steel deal; Gary mayor warns of possible job losses
Nippon Steel and U.S. Steel will sue after President Biden blocked their $15 billion merger, citing national security.Gary ...
3h
Mon Valley leaders, steelworkers 'extremely disappointed' with Biden decision to block Nippon Steel-U.S. Steel deal
Following President Joe Biden's blocking of the sale of United States Steel Corp. to Nippon Steel Corp., several mayors and ...
11h
on MSN
Biden to announce decision on U.S. Steel acquisition as early as Friday
President Biden is likely to announce a decision as soon as Friday on whether he will approve Nippon Steel's $14.9 billion ...
2d
CFIUS Review of Acquisitions and Investments
To protect national security, the Committee on Foreign Investment in the United States (CFIUS) may review transactions involving foreign investment in US businesses. Parties to potentially covered ...
Indiana Lawyer
4d
Gary’s Eddie Melton one of 20 mayors to sign letter of support for U.S. Steel acquisition
Earlier this month, the Japanese steelmaker said it would invest $1 billion in U.S. Steel’s Gary Works if the acquisition ...
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Biden
Nippon Steel
President of the United States
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