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.
Mon Valley leaders, steelworkers 'extremely disappointed' with Biden decision to block Nippon Steel-U.S. Steel deal
Following President Joe Biden's blocking of the sale of United States Steel Corp. to Nippon Steel Corp., several mayors and union members in the Mon Valley said they are concerned about the fate of U.
Biden rejects proposal that would allow Japanese company to buy U.S. Steel
U.S. Steel employs thousands of workers on Minnesota's Iron Range at Minntac in Mountain Iron and Keetac in Keewatin.
Biden blocks $15B Nippon-U.S. Steel deal; Gary mayor warns of possible job losses
Nippon Steel and U.S. Steel will sue after President Biden blocked their $15 billion merger, citing national security.Gary mayor's warning: Mayor Eddie Melton fears job losses and investment risks for Gary,
Biden rejects Nippon Steel’s proposed deal to acquire US Steel
WASHINGTON (AP) — President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow to block the acquisition of Steeltown USA’s most storied steel company.
Biden Blocks Sale of U.S. Steel to Nippon Steel
The yearlong campaign by the Japanese steelmaker for a $14.1 billion deal crashed against opposition to foreign ownership from political leaders and the United Steelworkers union.
Blocking the U.S. Steel Sale Is a Perfectly Disgraceful End to Biden's Political Career
The post Blocking the U.S. Steel Sale Is a Perfectly Disgraceful End to Biden's Political Career appeared first on Reason.com.
Biden rejects U.S. Steel-Nippon Steel deal
A government panel failed to reach consensus on national security risks of a proposal for Nippon Steel to purchase U.S. Steel, leaving the decision to the president.
US blocks Nippon Steel's bid to purchase U.S. Steel
U.S. President Joe Biden on Friday followed through on his pledge to block Nippon Steel's $14.9 billion bid for U.S. Steel, citing concerns the deal could hurt national security. It also represents the final chapter in a high profile national security review,
Biden Halts Nippon Steel's Bid: A Blow to U.S. Steel Merger
President Joe Biden blocked Nippon Steel's $14.9 billion purchase of U.S. Steel, citing national security concerns. The decision follows a year-long review by CFIUS. The block may dissuade foreign investment in politically sensitive U.
Biden blocks $14.1B sale of US Steel to Japanese buyer, citing national security concerns
The Committee on Foreign Investment in the United States (CFIUS) spent months reviewing the deal for national security risks but referred the decision to Biden in December, after failing to reach
U.S. Steel, Nippon Steel say they're not done fighting for deal
United States Steel Corp. and Nippon Steel on Friday struck back at what they called President Biden's "unlawful decision" to ...
CFIUS Review of Acquisitions and Investments
To protect national security, the Committee on Foreign Investment in the United States (CFIUS) may review transactions involving foreign investment in US businesses. Parties to potentially covered ...
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Gary’s Eddie Melton one of 20 mayors to sign letter of support for U.S. Steel acquisition
Earlier this month, the Japanese steelmaker said it would invest $1 billion in U.S. Steel’s Gary Works if the acquisition ...