US Steel: Biden administration gives Nippon Steel more time to …
WEB2 days ago · US Steel put itself up for sale in 2023 after receiving an unsolicited $7 billion takeover offer from Ohio-based Cleveland Cliffs. The $14.9 billion deal with Nippon Steel, Japan’s largest ...
Biden Administration Extends Review Period for Nippon Takeover …
WEB2 days ago · His comments, made at the Detroit Economic Club, came as U.S. Steel has been facing a political storm over Nippon’s $15 billion takeover bid. Top Republicans and Democrats, Mr. Biden, Ms. Harris ...
Nippon Steel to sell $211 mln in assets to manage debt amid U.S. Steel …
WEB2 hours ago · Nippon Steel plans to sell at least 30 billion yen ($211 million) in assets in this fiscal year to manage its debt, the Nikkei quoted its vice chairman as saying on Friday, as it waits to know the ...
US delays decision on Nippon Steel’s $15bn takeover of US Steel
WEB2 days ago · The US government has extended its national security review of Nippon Steel’s proposed $15bn acquisition of US Steel, in a surprise move given that the deal had been opposed by Joe Biden and ...
US Steel’s shareholders just voted to end more than a century of ...
WEBApr 12, 2024 · US Steel shareholders Friday overwhelmingly approved a deal for the iconic American manufacturer to be purchased by Japan’s Nippon Steel. But the outlook for the controversial merger has never...
U.S. Blowback to Nippon Steel-U.S. Steel Merger Vexes Japan
WEBSep 6, 2024 · But now behind closed doors, some are bristling at reports that Mr. Biden intends to sink Nippon Steel’s $15 billion acquisition of U.S. Steel. Japan’s economy ministry has sought meetings ...
U.S. Steel CEO discusses Nippon merger in Detroit. Here's what …
WEB2 days ago · Here's what he said. Detroit — U.S. Steel Corp. CEO David Burritt told a crowd in the Motor City — where many major steel customers reside — that he expects a sale of the company to Japan's ...
U.S. decision on Nippon Steel bid pushed back until after election
WEB2 days ago · Sep 18, 2024. The U.S. national security panel reviewing Nippon Steel's $14.9 billion bid for U.S. Steel will let the companies refile their application for approval of the deal, a person familiar ...
Nippon Steel’s US bet could be ‘catalyst’ unleashing Japan M&A …
WEBDec 20, 2023 · Nippon Steel’s offer, a bet on a surge in US manufacturing driven by subsidies, was nearly double the offer from Cleveland-Cliffs in August. The deal, which needs to be approved by US...
Why Nippon Steel’s $15 Billion Takeover of U.S. Steel Is in Peril
WEBAug 26, 2024 · Analysts praised Nippon Steel as a potential savior of U.S. Steel, a onetime backbone of the American economy that had fallen behind rivals. But almost immediately, the merger incited a backlash...