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Biden to block US-Japan steel deal
U.S. Steel faces murky future after proposed takeover by Nippon Steel is blocked
The Biden administration's move on Friday to block Nippon Steel's proposed purchase of U.S. Steel raises questions about the once iconic American company's future, with industry sources saying the manufacturer could struggle to energize growth or attract rival acquisition bids.
Biden blocks Japan's Nippon Steel from acquiring U.S. Steel
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 election politics.
Could Nippon still buy U.S. Steel after Biden blocked the deal?
The president says the acquisition could threaten national security. Both steel companies say they will fight the decision.
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Biden blocks $15B Nippon-U.S. Steel deal; Gary mayor warns of possible job losses
Nippon Steel Corp. of Japan and U.S. Steel announced plans to pursue legal action after President Joe Biden blocked their nearly $15 billion acquisition agreement.
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Blocked U.S. Steel-Nippon deal raises risks for auto industry
Automakers' lobbying groups indicated support for the acquisition under the belief it would've increased supply and offered ...
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on MSN
Mike Pompeo defends US Steel, Nippon deal, urges Trump to do the same
President Biden's decision to block the acquisition of U.S. Steel by Nippon Steel citing national security concerns drew ...
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