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Biden issued an order blocking Nippon Steel Corp.'s proposed $14.9 billion purchase of Pittsburgh-based U.S. Steel, citing his presidential authority under the Defense Production Act of 1950 and ...
President Joe Biden blocked the $14 billion takeover of US Steel by a Japanese rival. ... US Steel shares were at $30.66 in lunchtime trading, down 6% and bringing the decline over the past 12 ...
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 ...
U.S. Steel, formed by J. P. Morgan's merger of Carnegie Steel with other steel producers, was once the largest company in the United States. [24] The Pittsburgh-based steelmaker had held the record for the largest initial public offering of any company in history—becoming the first billion-dollar company—and was added to the Dow Jones Industrial Average on its first day of public trading ...
President Joe Biden on Friday invoked a rarely-used presidential power to prevent the Japanese steel giant Nippon Steel from purchasing the United States Steel Corporation, citing the $14.1 ...
President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan's Nippon Steel on Friday — something he had first vowed to do in March. With roots dating to the late 19th century ...
U.S. Steel, formed by J. P. Morgan's merger of Carnegie Steel with other steel producers, was once the largest company in the United States. [23] The Pittsburgh-based steelmaker had held the record for the largest initial public offering of any company in history—becoming the first billion-dollar company—and was added to the Dow Jones Industrial Average on its first day of public trading ...
US Steel has agreed to be bought by Nippon Steel, Japan’s largest steelmaker, in a $14.1 billion deal. The deal marks the latest step in a gradual decline for the iconic 122-year old company ...