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 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.
Biden rejects Nippon Steel's proposed deal to acquire US Steel
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel.
US Steel, Nippon Steel Sue US Government Over Blocked $14.1B Deal
U.S. Steel and Nippon Steel said Monday they are suing the U.S. government over President Joe Biden’s blocking last week of the $14.1 billion sale of the iconic American company to the Japanese firm on national security grounds.
Biden Extends Deadline for Nippon's US Steel Bid, Keeping Deal Alive
President-elect Donald Trump has also expressed strong opposition to Japanese ownership of infrastructure giant.
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.
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 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, ...
Here’s Why United States Steel Corp. (X) Led This Week’s Rally
We recently published an article titled These 10 Firms Led This Week’s Rally. In this article, we are going to take a look at ...
Opinion
Biden’s U.S. Steel move blots his far-from-stainless trade record
By blocking the U.S. Steel deal, Joe Biden showed he’s a Donald Trump mini-me on protectionism.
U.S. Steel faces murky future after Biden blocks proposed takeover by Nippon Steel
The Biden administration blocked the purchase of U.S. Steel by Japan's Nippon Steel. Here's what that could mean for the once iconic American company.
CNN on MSN12d
Biden blocks Japan’s Nippon from taking over US Steel
President Joe Biden said Friday he is blocking a $14.3 billion acquisition of US Steel by Japan’s Nippon Steel, marking a significant use of executive authority in the closing days of his ...
The Times of Northwest Indiana13d
U.S. Steel decision reactions vary, include disappointment and praise: 'The stakes are high'
President Joe Biden's decision to block Nippon Steel's $14.9 billion acquisition of U.S. Steel had been telegraphed ...
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