The Last-Ditch Efforts to Win Over Critics of the Nippon-U.S. Steel Deal
The Japanese company continues to doggedly campaign for support from mayors, governors and especially members of the steelworkers union.
Nippon Steel, U.S. Steel make 11th hour push for $14.9B deal
United States Steel Corp. and its would-be acquirer Nippon Steel Corp. stepped up the pressure over the weekend to get its $14.9 billion acquisition across the finish line as its overall fate is unclear.
TIMELINE-Biden blocks Nippon Steel's $14.9 bln takeover of U.S. Steel
U.S. President Joe Biden said on Friday he would block Japanese company Nippon Steel's $14.9 billion buyout of U.S. Steel, citing reasons
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 administration.
With Nippon Deal Blocked, What's Next for US Steel?
Key Takeaways President Joe Biden on Friday blocked the proposed $14 billion acquisition of U.S. Steel by Japan's Nippon Steel.The companies in a joint statement vowed to "take all appropriate action to protect [their] legal rights.
Nippon Steel Rejection Shows National Security Means Whatever You Want
For months, United States Steel Corp. argued that selling out to Japanese-owned Nippon Steel Corp. was the only way to survive. President Joe Biden thought different, concluding that even a takeover by a company based in close ally Japan wasn’t enough to allay national-security concerns.
Biden wrong to block sale of U.S. Steel to Nippon Steel
President Joe Biden announced he was blocking the purchase of U.S. Steel by Japanese steelmaker Nippon Steel on dubious economic and national security grounds. “It is my solemn responsibility as President to ensure that,
Biden Blocks Sale of U.S. Steel to Nippon Steel
The yearlong campaign by the Japanese steelmaker for a $14.1 billion deal crashed against opposition to foreign ownership ...
The Times of Northwest Indiana1d
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 ...
FOX 32 Chicago on MSN1d
Biden blocks $15B Nippon-U.S. Steel deal; Gary mayor warns of possible job losses
GARY, Ind. - Nippon Steel Corp. of Japan and U.S. Steel announced plans to pursue legal action after President Joe Biden ...
朝日新聞社1d
Nippon Steel bypasses USW, appeals directly to U.S. workers
The statement was issued by Takahiro Mori, the Nippon Steel vice chairman responsible for overseeing the acquisition. He said Nippon Steel has been seeking discussions with United ...
Technical1d
Why the blocked US Steel deal still matters to Pittsburgh’s future
Steel was a defining technology of the industrial age, and President Joe Biden made it his goal to bring that back, even as ...
The Washington Post26d
Impasse deepens over U.S. Steel takeover as government review nears end
In a previously undisclosed late November meeting, Takahiro Mori, Nippon Steel’s vice chairman, made a last-ditch effort to overcome the union’s opposition to the proposed $14.9 billion ...
The Times of Northwest Indiana8d
Nippon Steel says blast furnace reline 'first of many significant investments planned for Indiana'
Nippon Steel said in an 11th-hour appeal to U.S. Steel employees that it would protect integrated steel mills and union jobs.
Crain's Chicago Business1d
Collapse of U.S. Steel acquisition leaves questions for Gary plant
President Biden's decision to block the acquisition of U.S. Steel leaves the future of the Gary Works plant 30 miles from Chicago uncertain.
Chicago Tribune24d
Gary Mayor Eddie Melton, Nippon executive meet to talk steel deal
Melton and Vice Chairman Takahiro Mori discussed the history of U.S. Steel in Gary and the significance of Nippon Steel buying the American company. Both stressed the importance of Biden ...