US rejection of Nippon Steel's bid for US Steel rankles …
1 day 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.
US Steel and Nippon Steel sue Biden administration over ... - ABC News
2 days ago · The suit claims Biden's actions were in part politically motivated. U.S. Steel and Japan-based Nippon Steel sued the Biden administration on Monday over a decision made last week to block a merger ...
Biden blocks Japan's Nippon Steel from acquiring U.S. Steel - NBC News
5 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 ...
Biden’s decision to block Nippon Steel ... - Associated Press News
3 days ago · WASHINGTON (AP) — By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden said he was protecting good jobs in the American heartland. He may be putting them at risk instead.
Nippon Steel, U.S. Steel file lawsuits after Biden blocks merger
2 days ago · Japan's Nippon Steel Corp. and United States Steel Corp. said Monday they have filed two lawsuits seeking to protect their merger plan from "illegal and improper political and anticompetitive interference" after it was blocked by U.S. President Joe Biden last week. The announcement came as Japanese ...
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 ...
U.S. Steel faces murky future after Biden blocks proposed ... - CBS News
4 days ago · Why Biden blocked the U.S. Steel deal with Japan's Nippon Steel 04:16. The Biden administration's move on Friday to block Nippon Steel's proposed purchase of U.S. Steel raises questions about the ...
Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon
5 days ago · 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.
Biden blocks Japan’s Nippon from taking over US Steel
5 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...