Biden blocks Nippon Steel's proposed deal to acquire US Steel
President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the presidential campaign trail to prevent the acquisition of Steeltown USA’s most storied steel company.
US Steel acquisition by Japan’s Nippon blocked
President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon Steel, saying domestically produced steel is essential to U.S. national security.
Explainer-Latest on proposed $15 billion merger of Nippon Steel, US Steel
U.S. President Joe Biden has decided to officially block Nippon Steel's proposed purchase of U.S. Steel, a person familiar with the decision said on Friday. Biden, President-elect Donald Trump and a politically-influential labour union had voiced opposition to Nippon Steel's acquisition of U.
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.
Biden rejects U.S. Steel-Nippon Steel deal
A government panel failed to reach consensus on national security risks of a proposal for Nippon Steel to purchase U.S. Steel, leaving the decision to the president.
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