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Biden to Block US Steel Sale to Nippon Steel
Biden blocks takeover of U.S. Steel by Japan's Nippon Steel
By David Shepardson, Tim Kelly, Andrea Shalal WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden blocked Nippon Steel's proposed $14.9 billion purchase of U.S. Steel on Friday, citing national security concerns,
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.
Blocked Nippon deal leaves fate of U.S. Steel in question
The company still needs investment badly, and it isn’t clear what game of opportunity and survival is being played at the top.
1h
Will White House decision to block US Steel's sale to foreign-owned Nippon reopen door for Cleveland Cliffs?
President Biden Friday followed through on a promise to block the sale of US Steel to Japanese-owned Nippon Steel, citing ...
2h
Joe Biden 'Sacrificed' US Workers for Own Political Agenda—Nippon Steel
In a joint statement with U.S. Steel, the Japanese company accused Biden of breaking the law to serve his own political agenda just a few weeks before leaving the White House. Biden said he was ...
8h
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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