Nippon Steel stands firm on proposed $15 ... - Associated Press News
4 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.
US rejection of Nippon Steel's bid for US Steel rankles …
3 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.
Biden blocks $14 billion acquisition of US Steel by Japan's Nippon ...
Jan 3, 2025 · Nippon Steel announced in December 2023 that it planned to buy the steel producer for $14.9 billion in cash and debt, and committed to keep the U.S. Steel name and Pittsburgh headquarters. Despite that, its proposal raised concerns about what the transaction could mean for unionized workers, supply chains and U.S. national security.
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 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.
Nippon Steel, U.S. Steel file lawsuits after Biden blocks merger
4 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 ...
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 · 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...
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...
Biden blocks acquisition of U.S. Steel by Japan’s Nippon Steel
Jan 3, 2025 · Nippon Steel faces a $565 million penalty payment to U.S. Steel following the deal's collapse, which is set to prompt a major rethink of the Japanese company's overseas-focused growth strategy.