The Fallout from U.S. Steel
Posted inBiden, Joseph R Jr Committee on Foreign Investment in the United States (CFIUS) internal-storyline-no Japan Mergers, Acquisitions and Divestitures Nippon Steel Corporation Steel and Iron United States Politics and Government United States Steel Corporation

The Fallout from U.S. Steel

Nippon Steel’s $14 billion takeover bid for the steelmaker appears doomed, with President Biden expected to reject it. Litigation and diplomatic turmoil could follow.
Biden Plans to Block Takeover Bid of U.S. Steel by Japan’s Nippon
Posted inBiden, Joseph R Jr Committee on Foreign Investment in the United States (CFIUS) Foreign Investments Harris, Kamala D Mergers, Acquisitions and Divestitures Nippon Steel Corporation Presidential Election of 2024 Steel and Iron Trump, Donald J United States Economy United States Politics and Government United States Steel Corporation

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.
National Security Committee Forgoes Decision on U.S. Steel Acquisition
Posted inBiden, Joseph R Jr Committee on Foreign Investment in the United States (CFIUS) Mergers, Acquisitions and Divestitures Nippon Steel Corporation Steel and Iron United States Economy United States International Relations United States Steel Corporation United Steelworkers of America

National Security Committee Forgoes Decision on U.S. Steel Acquisition

The Committee on Foreign Investment in the United States kicked a decision over the merger with Japan’s Nippon Steel to President Biden, who is expected to block the deal.