Biden Plans to Block Takeover Bid of U.S. Steel by Japan’s Nippon

The president’s announcement of the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year, is expected as soon as Friday.

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Biden Blocks Sale of U.S. Steel to Nippon Steel

The yearlong campaign by the Japanese steelmaker for a $14.1 billion deal crashed against opposition to foreign ownership from political leaders and the United Steelworkers union.
The Wall Street Journal - 2d
Biden blocks U.S. Steel takeover by Japan's Nippon Steel, citing national security

U.S. Steel's stock opened down more than 7% in trading Friday following the president's announcement.
CNBC - 2d
Biden Plans to Block U.S. Steel Sale to Nippon Steel After Long Fight

The embattled $14.9 billion bid will likely be scrapped if the President declines to approve Nippon Steel’s merger plan, administration officials said.
Inc. - 2d
Biden blocks Japan's Nippon Steel from buying US Steel

Biden decided to scrap the deal despite concerns that it could damage Washington's relations with Tokyo.
BBC News - 2d
Biden blocks Nippon Steel’s $15bn takeover of US Steel

Companies threaten legal action in response to outgoing president’s decision
Financial Times - 2d
Biden blocks sale of U.S. Steel to Japan's Nippon Steel

President Biden has blocked the acquisition of U.S. Steel by Japanese company Nippon Steel. NBC News' Kelly O'Donnell reports on how the president came to the decision and the impact it could have.
NBC News - 2d
Why Biden blocked the U.S. Steel deal with Japan's Nippon Steel

President Biden has blocked a deal between U.S. Steel and Japan's Nippon Steel that could impact the relationship with the American ally and have global economic repercussions. CBS News' Nicole ...
CBS News - 2d
Biden blocks Japan's Nippon Steel from $15 billion takeover of U.S. Steel

President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S.
NBC News - 2d
Joe Biden blocks Nippon Steel’s $14.9bn bid to purchase US Steel

President cites national security concerns as he follows through on pledge to keep steelmaker domestically owned. Joe Biden has blocked a $14.9bn bid by Japan’s Nippon Steel for US Steel, ...
The Guardian - 2d

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