Biden Expected to Block U.S. Steel Takeover
Posted inBiden, Joseph R Jr Committee on Foreign Investment in the United States (CFIUS) Foreign Investments Harris, Kamala D Japan Mergers, Acquisitions and Divestitures Nippon Steel Corporation Pennsylvania Presidential Election of 2024 Steel and Iron United States Economy United States Politics and Government United States Steel Corporation

Biden Expected to Block U.S. Steel Takeover

The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel.
Nippon Steel’s $15 Billion U.S. Steel Takeover Bid Is in Peril
Posted inChina Cleveland-Cliffs Inc Foreign Investments Japan Mergers, Acquisitions and Divestitures Nippon Steel Corporation Pennsylvania Presidential Election of 2024 Steel and Iron United States United States Steel Corporation United Steelworkers of America

Nippon Steel’s $15 Billion U.S. Steel Takeover Bid Is in Peril

The proposed merger of Japanese and American industrial giants, which proponents say would benefit both countries, is ensnared by political and labor opposition.