Tokyo-based Nippon Steel has offered to purchase the Pennsylvania-based steelmaker for over $14 billion. If the number seems low given U.S. Steel’s glorious history, that’s the point.
In an op-ed for the Wall Street Journal, Takahiro Mori, Nippon Steel’s vice chairman and representative director, argued that the Committee on Foreign Investment in the United States’s review ...
TOKYO (Reuters) - Japan's Nippon Steel remains interested in working with the incoming administration of Donald Trump to try to seal a takeover of U.S. Steel, its vice chairman Takahiro Mori said ...
In making its nearly $15 billion bid for the storied Pittsburgh-based steelmaker, Nippon Steel had promised to invest $2.7 billion in U.S. Steel’s aging blast furnace operations in Gary ...
WASHINGTON — Nippon Steel and U.S. Steel filed a federal lawsuit Monday challenging a Biden administration decision to block Nippon’s proposed $15 billion acquisition of the Pittsburgh company ...
The company’s renewed interest comes after the Biden administration blocked Nippon Steel from acquiring the onetime American powerhouse. By Danielle Kaye and Lauren Hirsch A possible new ...
Nippon Steel and U.S. Steel filed a federal lawsuit challenging the Biden administration's decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S. Steel..
(Bloomberg) -- Shares in Nippon Steel Corp. dipped on Monday, the first day of trading since US President Joe Biden blocked the Japanese company’s planned $14.1 billion takeover of United States ...
(Kyodo) NEW YORK (Kyodo) -- Nippon Steel Corp. said Tuesday it "remains the only partner" for United States Steel Corp., vowing to continue pursuing its purchase despite White House opposition and ...
U.S. Steel has warned that, without Nippon Steel's cash, it will shift production away from the blast furnaces to cheaper non-union electric arc furnaces and move its headquarters out of Pittsburgh.