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.
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.
Order Regarding the Proposed Acquisition of United States Steel ...
Jan 3, 2025 · (a) The proposed acquisition of U.S. Steel by the Purchasers (Proposed Transaction) is prohibited, and any substantially similar transaction between the Purchasers and U.S. Steel, whether effected ...
Statement from President Biden on US Steel | The White House
Mar 14, 2024 · It is important that we maintain strong American steel companies powered by American steel workers. I told our steel workers I have their backs, and I meant it. U.S. Steel has been an iconic...
Fate of US Steel’s deal with Japan’s Nippon is now up to Biden, …
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...
Biden says it’s ‘vital’ US Steel remain American owned and operated
Mar 14, 2024 · President Joe Biden on Thursday said he believes it’s “vital” that US Steel remain American owned and operated, dealing a blow to the iconic company’s planned sale to Japan’s Nippon Steel.
Joe Biden blocks Japan's Nippon Steel from buying US Steel - BBC
Jan 3, 2025 · US President Joe Biden has blocked the takeover of US Steel by a bigger Japanese firm, delivering on a political promise despite fears the move could hurt Washington's relations with Tokyo...
Nippon Steel Corporation and U. S. Steel Condemn U.S.
Jan 3, 2025 · Companies will take all appropriate action to protect their legal rights. TOKYO & PITTSBURGH--(BUSINESS WIRE)-- Nippon Steel Corporation ("Nippon Steel") (TSE: 5401) and United States Steel Corporation ("U. S. Steel") (NYSE: X) today issued the following statement on President Biden’s decision to block their proposed transaction.
Biden blocks Japan's Nippon Steel from acquiring U.S. Steel
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 opposes Nippon Steel's US Steel takeover plans | AP News
Mar 15, 2024 · President Joe Biden is opposing the planned sale of U.S. Steel to Nippon Steel of Japan, saying the U.S. needs "strong American steel companies powered by American steel workers.”