A new rival bid for US Steel is emerging as the US extends deadline on Nippon’s bid blocked by Biden
The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, now that the Biden Administration pushed back the deadline it imposed for the Japanese steelmaker to abandon its plan to acquire the storied Pittsburgh company.
Biden Extends Deadline for Nippon's US Steel Bid, Keeping Deal Alive
The Biden administration has extended the deadline for Nippon Steel to abandon its proposed $14.9 billion acquisition of U.S. Steel, providing a potential lifeline for the embattled deal.
Biden blocks Nippon Steel's purchase of U.S. Steel; steelmakers threaten legal action over 'shocking political decision'
"As I have said many times, steel production—and the steelworkers who produce it—are the backbone of our nation. A strong domestically owned and operated steel industry represents an essential national security priority and is critical for resilient supply chains.
US extends deadline on Nippon's bid for US Steel, offering some hope that the deal is not dead
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.
U.S. Steel Stock Jumps as US Extends Deadline for Nippon Steel to Axe Takeover
KEY TAKEAWAYS U.S. Steel shares are jumping in premarket trading Monday after the U.S. government extended until June from next month a deadline for Nippon Steel to abandon its planned $14.1 billion acquisition of the American steelmaker.
Biden administration extends deadline on Nippon Steel’s bid for U.S. Steel
June, was viewed by U.S. Steel and investors as an opportunity for the companies to complete the acquisition, even though Trump also opposes the deal.
A new rival bid for US Steel emerges after Nippon deal deadline extended
Lourenco Goncalves, the CEO of Ohio-based steelmaker Cleveland Cliffs, said Monday that he wanted to make a new bid for U.S. Steel.
NBC 10 Philadelphia11d
Nippon and US Steel file suit after Biden administration blocks $15 billion deal
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.
Cleveland-Cliffs still interested in U.S. Steel if pending merger fails
Cleveland-Cliffs CEO Lourenco Goncalves said Monday his company is ready to make another offer for U.S. Steel if its ...
The Washington Post11d
Nippon Steel and U.S. Steel sue Biden administration over blocked deal
Nippon Steel and U.S. Steel sued President Joe Biden on Monday over his decision to bar them from joining forces, alleging that he had violated their constitutional rights to due process in a ...
The Associated Press - Business News on MSN10d
Nippon Steel stands firm on a US Steel takeover and denies risks cited by Biden
Copyright 2025 The Associated Press. All Rights Reserved. Eiji Hashimoto, chairman and CEO of Nippon Steel Corporation, ...
ABC News11d
Nippon Steel and US Steel file lawsuit challenging President Joe Biden's decision to block $15 billion deal
Nippon Steel and US Steel file lawsuit challenging President Joe Biden's decision to block $15 billion deal WASHINGTON -- Nippon Steel and US Steel file lawsuit challenging President Joe ...
Orlando Sentinel10d
Nippon, US Steel file suit against Biden administration, union, and rival after $15B deal scuttled
WASHINGTON (AP) — 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 ...
Los Angeles Times10d
Nippon Steel and U.S. Steel file suit after Biden administration blocks $15-billion deal
WASHINGTON — Nippon Steel and U.S. Steel filed a federal lawsuit challenging a Biden administration decision to block Nippon’s proposed $15-billion acquisition of the Pittsburgh company and ...