Nippon Steel offers US government veto power in bid for US Steel approval, source says
Japan's Nippon Steel has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel's production capacity, as part of its efforts to secure President Joe Biden's approval for acquiring the American steelmaker,
Nippon Steel sends Biden new US Steel proposal to win support: report
WASHINGTON, Jan 01, 2025 (BSS/AFP) - Nippon Steel has sent the White House a new proposal on US Steel, attempting to get the green light from President Joe Biden to acquire the American company, a US media report said Tuesday.
US Steel Jumps Most in a Year on Nippon Steel Offer to Biden (2)
Nippon Steel Corp. offered to give the US government a veto over any reduction in US Steel Corp.’s production capacity in a last-ditch effort to get President Joe Biden’s approval for its takeover of the American steelmaker,
Nippon Steel reportedly negotiating directly with White House in quest to purchase US Steel
Nippon Steel is now negotiating directly with the White House to save the imperiled takeover as President Joe Biden is due to make a final decision by Tuesday, according to a letter obtained by the Washington Post.
Nippon Steel Offers U.S. Veto Power in U.S. Steel Acquisition Bid
Japan's Nippon Steel is aiming to gain U.S. approval for its bid to acquire U.S. Steel by proposing veto power for the U.S. government over production capacity cuts. President Biden must approve the deal by January 7 or it will be automatically permitted.
U.S. Steel Shares Up After Report of New Takeover Proposal From Nippon Steel
Shares of U.S. Steel gained following a Washington Post report that Nippon Steel proposed giving the U.S. government power to veto any reduction in the steelmaker's production capacity. The stock was up 7.3%, to $33.29, on Tuesday. Shares are down nearly 32% since the beginning of the year.
Report: Nippon Steel offers 10-year guarantee to gain approval of U.S. Steel acquisition
In a last-ditch effort to gain approval for its acquisition of U.S. Steel, Nippon Steel is offering a 10-year guarantee that it would not reduce production capacity at U.S. Steel’s mills in six states,
Biden to decide on Nippon Steel acquisition of U.S. Steel
President Biden has just over a week to decide how he wants to move forward on Nippon Steel's proposed acquisition of U.S. Steel. CBS News White House reporter Willie James Inman has more on that and some of the other big news coming out of the Biden administration.
Nippon Steel offers US government veto power in bid for US Steel approval, WaPo reports
Japan's Nippon Steel has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel's production capacity, as part of its efforts to secure President Joe Biden's approval for acquiring the American steelmaker,
Japanese buyer sends Biden new U.S. Steel proposal in final bid for support
Nippon Steel sent the White House a new proposal to try and get a deal to buy U.S. Steel, including giving the U.S. government a veto over any reduction in U.S. Steel’s “production capacity.”
Nippon proposed capacity veto for U.S. Steel deal, Washington Post says
Nippon Steel (NPSCY) proposed giving the U.S. government a veto over any reduction in U.S. Steel’s (X) production capacity in a final bid for
Kyodo News on MSN3h
Nippon Steel promises no cuts to US Steel's output for 10 years
Nippon Steel Corp. has promised it will not cut output capacity at United States Steel Corp.'s mills for 10 years, in its ...
Washington Post: Nippon Steel pledged not to cut US Steel output for 10 years
The Washington Post has reported that Japan's Nippon Steel has offered a 10-year guarantee not to cut output at any of US ...
To make America great, Trump can enable the Nippon Steel acquisition
One thing that should be simple is reversing President Joe Biden’s absurd policy on the proposed acquisition of U.S. Steel by ...
Key deals for the week: Honda, Nippon, Murdoch’s News Corp, L’Oreal and more
A quick look at a list of key deals reported this week across sectors: Nippon Steel (OTCPK:NPSCY) extended the closing date ...
Time line: U.S. Steel's long journey toward Nippon Steel
When Nippon Steel's winning $55-a-share cash bid for United States Steel Corp. was announced Dec. 18, 2023, both companies ...
Axios World on MSN5d
Nippon Steel delays closing for U.S. Steel deal, as it awaits Biden decision
Nippon Steel on Thursday delayed the closing date for its proposed $14.9 billion purchase of U.S. Steel, as it waits to learn ...
The Times of Northwest Indiana4d
Nippon Steel says blast furnace reline 'first of many significant investments planned for Indiana'
Nippon Steel said in an 11th-hour appeal to U.S. Steel employees that it would protect integrated steel mills and union jobs.
Yahoo5d
Opinion - It’s not too late to approve the Nippon Steel deal
However, in its review of Nippon Steel’s proposed acquisition of U.S. Steel, it has failed to come to consensus. CFIUS’s ...