Nippon Steel plans to pursue legal action after US President Joe Biden blocked its proposed $14.1 billion acquisition of ...
President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U ...
US Steel and Nippon Steel threatened legal action Friday after President Joe Biden blocked a controversial $14.9 billion deal ...
Biden cites national security as a chief reason for his decision, but the steelmakers say the ruling is politically motivated ...
U.S. Steel’s president and CEO declared President Biden’s decision to block the company from being acquired by the Japanese ...
The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, ...
President Biden said he would block the sale of one of America’s most iconic companies to a Japanese firm. In December 2023, Nippon Steel announced it would buy U.S. Steel for more than $14 billion.
U.S. Steel employs thousands of workers on Minnesota's Iron Range at Minntac in Mountain Iron and Keetac in Keewatin.
Biden blocks Nippon Steel’s investment bid in an act of American economic masochism.