Joe Biden's Shocking Decision to Block the Nippon Steel Deal
It was not shocking that the Committee on Foreign Investment in the United States sought to defer a decision on Nippon Steel’s $14 billion offer to acquire Pennsylvania’s U.S. Steel until after the November 5 presidential election.
What's next after Biden blocked the Nippon Steel/US Steel deal?
If the deal does not go through, Nippon Steel would have to pay a US$565 million break-up fee. Read more at straitstimes.com.
Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon
The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year.
U.S. Steel, Nippon allege Biden violated constitution in lawsuit over blocked deal
U.S. President Joe Biden violated the Constitution by blocking Nippon Steel's $14.9 billion bid for U.S. Steel through a sham national security review, the companies alleged in a lawsuit they said was filed on Monday.
US Steel sale now in Biden's hands
The president has 15 days to decide whether to approve or reject the nearly $15 billion sale of the iconic steel company to Japan's Nippon Steel.
Biden's Decision to Block Nippon Steel Takeover Creates Uncertainty for U.S. Steel Workers
By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden says he is protecting good jobs in the American heartland
Biden rejected appeals of several top advisers in blocking U.S. Steel bid
Senior administration officials had reservations about calling Nippon Steel’s takeover proposal a “national security risk.”
President Biden blocks sale of US Steel to Japanese company
In blocking the sale to Nippon Steel, Biden said U.S. Steel "will remain a proud American company – one that’s American-owned and American-operated."
U.S. Steel faces murky future after proposed Nippon Steel takeover
The Biden administration blocked the purchase of U.S. Steel by Japan's Nippon Steel. Here's what that could mean for the once iconic American company.
Biden blocks $14 billion acquisition of US Steel by Japan's Nippon Steel
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 head
Rise of US Steel paralleled the arrival of the United States on the world stage
President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan’s Nippon Steel on Friday — something he had ...
Crain's Cleveland Business1d
Nippon Steel, U.S. Steel sue Cleveland-Cliffs and others in move to keep deal alive
They also filed a lawsuit in federal court in Pittsburgh against rival steelmaker Cleveland-Cliffs Inc. and CEO Lourenco ...
‘A very bad signal’: What Biden’s U.S. Steel deal block means for foreign investment
“President Biden claiming Japan’s investment in an American steel company is a threat to national security is a pathetic and craven cave to special interests that will make America less prosperous and ...
Japanese buyer sends Biden new U.S. Steel proposal in final bid for support
Nippon Steel sent a new proposal in its bid to buy U.S. Steel, including giving the U.S. government a veto over any reduction ...
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USW: Report about Nippon deal now in President Biden’s hands
The United Steelworkers says a report from the Committee on Foreign Investment in the United States about proposed Nippon ...
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Blocking the Nippon Steel Acquisition: Politics Versus Policy
The transaction has been under review by the Committee on Foreign Investment in the United States (CFIUS), the Treasury-chaired body mandated to screen foreign direct investments into the ...
Why United States Steel Stock Crushed the Market Today
A dramatic improvement in the prospects for United States Steel (NYSE: X) being sold to a foreign buyer led to a rally in the ...
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Former adviser and analyst discusses why key committee was split on U.S. Steel deal
Why was the Committee on Foreign Investment in the United States split on allowing or blocking Nippon Steel from buying U.S. Steel? NPR's Michel Martin asks one of the committee's former advisers.