U.S. Steel Faces Stark Choices as Nippon Steel Merger Founders
Posted inAntitrust Laws and Competition Issues Biden, Joseph R Jr Cleveland-Cliffs Inc Committee on Foreign Investment in the United States (CFIUS) Customs (Tariff) International Trade and World Market Mergers, Acquisitions and Divestitures Nippon Steel Corporation Steel and Iron United States Politics and Government United States Steel Corporation United Steelworkers of America

U.S. Steel Faces Stark Choices as Nippon Steel Merger Founders

The onetime dynamo is fighting to revive a takeover by Nippon Steel. Other tie-ups could also face obstacles, and going it alone could force cutbacks.
U.S. Steel and Nippon Sue Biden Over Decision to Block Deal
Posted inBiden, Joseph R Jr Cleveland-Cliffs Inc Committee on Foreign Investment in the United States (CFIUS) Foreign Investments Goncalves, Lourenco McCall, David Mergers, Acquisitions and Divestitures Nippon Steel Corporation Steel and Iron Suits and Litigation (Civil) United States Steel Corporation United Steelworkers of America

U.S. Steel and Nippon Sue Biden Over Decision to Block Deal

The companies argue in a lawsuit that the process of reviewing the transaction was corrupted by politics.
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.