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Biden Blocks US Steel Takeover By Japan's Nippon Steel

Hosted on MSN · 21m

Nippon Steel could face growth challenges after U.S. Steel purchase blocked, analysts say

Japan's Nippon Steel may need to look at a revamp of its growth strategy after U.S. President Joe Biden blocked its proposed $14.9 billion acquisition of U.S. Steel, but its share price could bounce back in the near-term,

TwinCities.com · 2h

Biden’s decision to block Nippon Steel takeover creates uncertainty for U.S. Steel workers

By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden said he was protecting good jobs in the American heartland. He may be putting them at risk instead.

Biden blocks Japan's Nippon Steel from acquiring U.S. Steel

The companies condemned the president's decision and hinted at taking legal action, while U.S. Steel's CEO accused Biden of "political corruption."

4don MSN

Japan's Nippon Steel offers governmental veto power for U.S. Steel production

Japan-based Nippon Steel has offered to give the U.S. government veto power over any potential reduction in steel output by U ...

1don MSN

Government source: 'regrettable' that Nippon Steel decision made due to 'national security concerns'

A Japanese government source told Euronews that the Biden adminstration's decision to block the takeover of US Steel by Japan ...

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