Nippon Steel's $14.9B U.S. Steel Acquisition Faces Political and Union Hurdles
Nippon Steel's purchase of U.S. Steel, worth $14.9 billion, has been postponed to 2025 due to opposition from unions and politicians. President Biden is evaluating the deal, which faces scrutiny from the Justice Department.
Previously opposing the agreement, President Biden has voiced worries over foreign interference in a vital industry.
However, in its review of Nippon Steel’s proposed acquisition of U.S. Steel, it has failed to come to consensus.
The Committee on Foreign Investment doesn't recommend blocking the merger, and neither should President Joe Biden.
Japan's Nippon Steel is seeing support for its proposal to acquire U.S. Steel in the regions of the United States where steel ...
Nippon Steel and JFE Steel seek CCI approval for strategic investments in Queensland's Blackwater Coal Mine for coking coal ...
Nippon President Tadashi Imai told reporters on Wednesday that there is “considerable amount of support for this acquisition” in the Rust Belt.
The president has 15 days to decide whether to approve or reject the nearly $15 billion sale of the iconic steel company to ...
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