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Biden to block U.S. Steel's sale to Japan's Nippon

Hosted on MSN · 37m

U.S. Steel faces murky future after proposed takeover by Nippon Steel is blocked

The Biden administration's move on Friday to block Nippon Steel's proposed purchase of U.S. Steel raises questions about the once iconic American company's future, with industry sources saying the manufacturer could struggle to energize growth or attract rival acquisition bids.

The New York Times · 1h

Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon

The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year.

Marketplace · 1h

Could Nippon still buy U.S. Steel after Biden blocked the deal?

The president says the acquisition could threaten national security. Both steel companies say they will fight the decision.

1hon MSN

Nippon Rejection Shows National Security Means Whatever You Want

For months, United States Steel Corp. argued that selling out to Japanese-owned Nippon Steel Corp. was the only way to ...

5hon MSN

Mike Pompeo defends US Steel, Nippon deal, urges Trump to do the same

President Biden's decision to block the acquisition of U.S. Steel by Nippon Steel citing national security concerns drew ...

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