U.S. Steel had also said it hoped Biden would approve the transaction. Nippon Steel first announced in December 2023 that it planned to purchase U.S. Steel for roughly $15 billion.
with Republican President-elect Donald Trump and incoming vice president JD Vance also campaigning against the sale. "This acquisition would place one of America's largest steel producers under ...
The president has long opposed the sale to Japan’s Nippon Steel. President Joe Biden formally blocked a proposed $14.9 billion takeover of U.S. Steel by a Japanese company, the White House ...
the company would likely close steel mills in Pennsylvania's Monongahela Valley and Gary, Indiana, that had been slated to receive a multi-billion dollar upgrade with cash infused by Nippon following ...
US PRESIDENT Joe Biden has decided to officially block Nippon Steel’s proposed US$14.9-billion purchase of US Steel, the Washington Post reported, putting an end to a long-running and contentious ...
The Biden administration said trade and national security experts in the executive branch found that the proposed sale “would place one of America’s largest steel producers under foreign ...
U.S. President Joe Biden has decided to officially block Nippon Steel's proposed purchase of U.S. Steel, Washington Post reported on Thursday, citing two administration officials who were not ...