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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 ...
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.
WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden is poised to officially block Nippon Steel's proposed $14.9-billion purchase of U.S. Steel, a person familiar with the matter said on Friday ...
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 ...
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 ...
Japan's Nippon Steel said on Thursday it has extended the closing date for its $14.9 billion purchase of U.S. Steel as U.S. President Joe Biden weighs whether to block a deal that has faced ...
(The Center Square) — The compromised international buyout of U.S. Steel took an unexpected turn Friday. President Donald Trump revealed that the Japanese-owned company will back away from its ...
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]