Biden Blocks $14.9 Billion Nippon Steel Acquisition of U.S. Steel on Security Grounds
The market responded quickly; the stock price of U.S. Steel dropped 6.5% after the disclosure. Analysts speculate the choice would compel the business to rethink its approach, including a possible change from conventional blast furnace operations. The change might affect thousands of union employment.
President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan's Nippon Steel on Friday — something he had ...
In its suit against the U.S. government, Nippon Steel asked the court to set aside Biden's order on Friday blocking the buyout, and to instruct the Committee on Foreign Investment in the United States ...
Japan's PM urges US govt to clarify issue of 'national security' and address steel industry concerns
Japanese Prime Minister Shigeru Ishiba urged the White House on Monday to address the concerns of Japan's industrial sector ...
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