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Joe Biden, U.S. Steel and Bloomberg
Biden plans to formally block U.S. Steel sale, Bloomberg reports
With about 40 days until President-elect Donald Trump takes office, President Joe Biden is expected to block a Japanese company’s acquisition of U.S. Steel. On Tuesday, Bloomberg reported that
Biden plans to block Nippon Steel purchase of U.S. Steel, Bloomberg News reports
U.S. President Joe Biden plans to formally block Nippon Steel's proposed takeover of U.S. Steel on national security grounds once the $15 billion deal is referred back to him later this month, Bloomberg News reported on Tuesday,
Biden plans to formally kill Nippon Steel's bid for U.S. Steel, sources say
The companies are poised to pursue litigation over the process if Biden decides to block the merger, sources added.
Biden set to finally kill Nippon Steel purchase of U.S. Steel
Biden — born in U.S. Steel’s home state of Pennsylvania — has long signaled opposition to the sale, and has said the company would remain domestically owned. At the same time, he has stopped short of a pledge to kill the deal, while President-Elect Donald Trump has promised repeatedly to block it.
U.S. Steel Stock Drops on Report Biden to Block Nippon Takeover
U.S. Steel stock was tumbling after Bloomberg reported that President Joe Biden would block its acquisition by Japanese steel company Nippon Steel. The surprising part of the takeover drama isn’t the decision.
US Steel plunges after report Biden set to block $14B sale to Nippon Steel
US Steel (NYSE:X) sunk 14% after a report that President Joe Biden will formally block the $14 billion sale to Nippon Steel (OTCPK:NPSCY) over national security concerns. Biden will block the deal once the Committee on Foreign Investment in the U.
14m
on MSN
Japanese takeover could spell long-term decline of U.S. Steel, union chief says
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13h
Impasse deepens over U.S. Steel takeover as government review nears end
Face-to-face talks between Nippon Steel and the United Steelworkers union failed to close the gap over the Japanese company’s ...
WDIO
2h
Nippon Steel offers $5000 closing bonuses for U.S. Steel employees
Nippon Steel announces plan to give $5000 closing bonuses to U.S. Steel employees following the close of the transaction ...
Opinion
2d
on MSN
Opinion
Biden’s Moment of Truth on U.S. Steel
He can approve a Nippon Steel offer that is in the U.S. interest.
8h
GLJ ups U.S. Steel target on higher likelihood of takeover approval
GLJ Research analyst Gordon Johnson raised the firm’s price target on U.S. Steel (X) to $45.88 from $38.57 and keeps a Buy ...
7d
Trump Says He Will Block Acquisition of U.S. Steel by Japanese Firm
The announcement reiterated sentiments the president-elect expressed on the campaign trail, and further imperiled a deal that ...
Money Morning
7d
U.S. Steel's Deal May be Falling Apart, Here's What Investors Should Expect
With lacking growth and the deal off the table, investors should expect U.S. Steel to trade back to the mid-$20 range or ...
1d
Nippon Steel tells U.S. Steel workers how it'll save Mon Valley Works
Nippon Steel Corp. provided more details Monday to union workers about its commitments following the potential acquisition of ...
6d
on MSN
Nippon Steel committed to U.S. Steel takeover, aims to close in Dec, says executive
Japan's Nippon Steel is committed to its $15 billion acquisition of U.S. Steel and is confident of completing it by year-end, ...
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