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Nippon Steel has subsequently delayed its timeline for closing the deal from the middle of 2024 towards the end of the year. [18] In September 2024, it was revealed that the Biden Administration was preparing to block Nippon's proposed acquisition of U.S. Steel. [19] On January 3, 2025, Joe Biden blocked the deal via an executive order.
Nippon Steel was standing firm on its proposed $15 billion acquisition of U.S. Steel, Chief Executive Eiji Hashimoto said Tuesday after President Joe Biden’s blocked the top Japanese steelmaker ...
With the acquisition of U.S. Steel, Nippon Steel aimed to raise its global output capacity to 85 million metric tons a year from 65 million now, nearing its long-term goal of taking capacity to ...
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 ...
U.S. Steel and Japan-based Nippon Steel sued the Biden administration on Monday over a decision made last week to block a merger between the two companies. A proposed acquisition of the second ...
Nippon Steel announced in December 2023 that it planned to buy the steel producer for $14.9 billion in cash and debt, and committed to keep the U.S. Steel name and Pittsburgh headquarters. Despite ...
Nippon Steel has subsequently delayed its timeline for closing the deal from the middle of 2024 towards the end of the year. [18] In September 2024, it was revealed that the Biden Administration was preparing to block Nippon's proposed acquisition of U.S. Steel. [19] On January 3, 2025, Joe Biden blocked the deal via an executive order. [20]
Nippon Steel Chief Executive Eiji Hashimoto said the top Japanese steelmaker was standing firm on its proposed $15 billion friendly acquisition. Nippon Steel and U.S. Steel filed a federal lawsuit ...