Nippon Steel Kitakyushu

Biden blocks Nippon bid to buy US Steel

Biden’s decision to block Nippon Steel takeover creates uncertainty for U.S. Steel workers

By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden said he was protecting good jobs in the American heartland. He may be putting them at risk instead.

The Jakarta Post · 1d

Biden blocks takeover of US Steel by Japan's Nippon Steel

Nippon and US Steel blasted Biden's decision, calling it a "clear violation of due process" and a political move, and saying they would "take all appropriate action" to protect their legal rights.

CNBC on MSN · 2d

Biden decides to block Nippon Steel's $15 billion acquisition of U.S. Steel: Report

The White House is expected to announce U.S. President Joe Biden’s decision to block Nippon Steel’s $15 billion takeover bid of U.S. Steel on Friday.

The Washington Post5d

Japanese buyer sends Biden new U.S. Steel proposal in final bid for support

Nippon Steel proposed giving the U.S. government a veto over any reduction in U.S. Steel’s “production capacity” in a last-ditch bid for President Joe Biden’s approval to acquire the ...

AOL2d

Biden to block U.S. Steel sale to Japanese buyer, source says

WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden is poised to officially block Nippon Steel's proposed $14.9-billion purchase of U.S. Steel, a person familiar with the matter said on Friday ...

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Biden blocks Nippon bid to buy US Steel

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