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. ... However, U.S. Steel has warned that, without ...
Biden killed US Steel deal even though some US officials rejected …
4 days ago · President Joe Biden decided to block the $14 billion takeover of US Steel by Japan’s Nippon Steel even though some top US officials did not believe there were sufficient national security ...
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 ...
President Biden stops Japanese takeover of US Steel - USA TODAY
Jan 3, 2025 · Biden issued an order blocking Nippon Steel Corp.'s proposed $14.9 billion purchase of Pittsburgh-based U.S. Steel, citing his presidential authority under the Defense Production Act of 1950 and ...
Statement from President Joe Biden | The White House
Jan 3, 2025 · With record investments in manufacturing, more than 100 new steel and iron mills have opened since I took office, and U.S. companies are producing the cleanest steel in the world.
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 ...
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 rejects Nippon Steel's proposed deal to acquire U.S. Steel
Jan 3, 2025 · WASHINGTON — President Biden has rejected the nearly $15-billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his vow in March to block the...
Biden blocks takeover of U.S. Steel by Japan's Nippon Steel - Yahoo
6 days ago · 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, dealing a potentially...