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WASHINGTON (Reuters) - U.S. President Joe Biden on Friday followed through on his pledge to block Nippon Steel's $14.9 billion bid for U.S. Steel, citing concerns the deal could hurt national ...
Nippon agreed to buy US Steel a year ago for nearly double the price of the hostile offer the company received from US-based Cleveland Cliffs. To secure approval for the deal, Nippon pledged to ...
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The bid by Japan's Nippon Steel to buy U.S. Steel may have a new lease on life after the Biden Administration extended a deadline for the Japanese steelmaker to abandon plans to acquire the ...
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The steel crisis was a recession in the global steel market during the 1973–1975 recession and early 1980s recession following the post–World War II economic expansion and the 1973 oil crisis, further compounded by the 1979 oil crisis, and lasted well into the 1980s.
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