Japanese companies needing to grow have sought out American deals. Experts say that will not change even after Biden’s rejection of Nippon Steel’s takeover attempt.
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his vow in March to block the acquisition.
U.S. Steel, Biden
· 3d · on MSN
Nippon, US Steel file suit against Biden administration, union, and rival after $15B deal scuttled
· 7d
Biden blocks takeover of U.S. Steel by Japan's Nippon Steel
Biden blocks US Steel takeover by Japan-based Nippon
President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon Steel, saying domestically produced steel is essential to U.S. national security. "Without domestic steel production and domestic steel workers, our nation is less strong and less secure," Biden said in a statement.
And while Nippon promised to keep the headquarters in Downtown Pittsburgh and not shut down ... including government officials from Japan and allies and partners in the U.S., to take all ...
The companies condemned the president's decision and hinted at taking legal action, while U.S. Steel's CEO accused Biden of "political corruption."
WASHINGTON (AP) — President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his vow in March to block ...
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel
President Joe Biden's decision to block Nippon Steel's acquisition of U.S. Steel will go down as one of the worst of his presidency, and will tarnish the legacy of a man who set out to strengthen American relations with other nations and to be the most pro-worker president in modern American history.
President Joe Biden said Friday he is blocking a $14.3 billion acquisition of US Steel by Japan’s Nippon Steel, marking a significant use of executive authority in the closing days of his administration.
President Biden announced on Friday that he is blocking the sale of U.S. Steel, a Pittsburgh, PA company, from being sold to Japan.
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel.
"In a free market, politics should not get involved when determining the merits of a business transaction, particularly when the parties are from respectable companies."
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