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. ... in a video news conference, called it the ...
US rejection of Nippon Steel's bid for US Steel rankles …
4 days 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.
Nippon Steel stands firm on proposed $15 ... - Associated Press News
5 days 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
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 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 ...
Biden killed US Steel deal even though some US officials rejected ...
5 days ago · 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 ...
Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon
Jan 3, 2025 · President Biden blocked the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement on Friday based on grounds that the sale posed a threat to national security.
Fate of US Steel’s deal with Japan’s Nippon is now up to ... - CNN
Dec 23, 2024 · A committee of top government agency officials has notified President Joe Biden that it has not reached a consensus on whether a sale of US Steel to a Japanese rival poses a national security...
Despite Blocked US Steel Bid, Japan Won’t Stop Seeking …
Jan 4, 2025 · Japan’s biggest business publication, Nikkei, wrote on Saturday that Nippon Steel’s crushed bid was a result of a mistaken calculation that “economic rationality” would prevail even in a ...
U.S. Blowback to Steel Merger Vexes Japan - The New York Times
Sep 6, 2024 · The prospect that President Biden is ready to block a merger between Nippon Steel and U.S. Steel on national security grounds is stirring discontent in Tokyo, where some officials view the...