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Biden blocks Nippon bid to buy US Steel
Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon
The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year.
Biden blocks $15B Nippon-U.S. Steel deal; Gary mayor warns of possible job losses
Nippon Steel and U.S. Steel will sue after President Biden blocked their $15 billion merger, citing national security.Gary mayor's warning: Mayor Eddie Melton fears job losses and investment risks for Gary,
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 from political leaders and the United Steelworkers union.
Opinion
1h
Opinion
U.S. Steel and the Corruption of Cfius
Biden blocks Nippon Steel’s investment bid in an act of American economic masochism.
2d
CFIUS Review of Acquisitions and Investments
To protect national security, the Committee on Foreign Investment in the United States (CFIUS) may review transactions involving foreign investment in US businesses. Parties to potentially covered ...
Indiana Lawyer
4d
Gary’s Eddie Melton one of 20 mayors to sign letter of support for U.S. Steel acquisition
Earlier this month, the Japanese steelmaker said it would invest $1 billion in U.S. Steel’s Gary Works if the acquisition ...
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