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Biden Administration Extends Review Period for Nippon Takeover of U.S. Steel
U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
Nippon Steel Gets More Time for U.S. Steel Deal Review
A decision on the national security review is potentially pushed out until after November’s presidential vote.
Decision on US Steel takeover by Nippon delayed until after election
The Biden administration granted the request of Nippon Steel for an extended review on the planned takeover of U.S. Steel.
Biden set to block Nippon's takeover of U.S. Steel, report says
U.S. Steel warned earlier that a failure to merge with Nippon Steel would put thousands of U.S. union jobs at risk.
Nippon Steel and US Steel attempt to save takeover bid with letter to Biden
The $15b bid has faced widespread opposition and is expected to be blocked by Biden when a national security investigation concludes.
Nippon Steel, US Steel send letter to Biden on merger plans
Nippon Steel and U.S. Steel sent a letter on Sunday to U.S. President Joe Biden about their planned $15 billion merger after media reported that he was preparing to block the deal, a spokesperson for the Japanese steelmaker said.
Nippon Steel and U.S. Steel Push Forward Amid $15 Billion Merger Controversy
Nippon Steel and U.S. Steel have addressed President Joe Biden regarding their proposed $15 billion merger, facing resistance from many parties including Biden and Congress. Concerns revolve around national security risks and supply chain impacts.
Nippon Steel to Get Extension, Pushing Deal Review Past US Election
A US security panel has granted Nippon Steel Corp. permission to refile its plans to purchase United States Steel Corp., for $14.1 billion, likely pushing a decision on the politically contentious takeover past the US elections in November,
White House delays decision on Nippon-U.S. Steel deal
Many American politicians have opposed this deal over concerns about union labor, domestic steel supplies and national security.
World Screen
10d
Old Enough! Comes of Age
Last night on Canada’s TVO, the new series Old Enough! made its debut, featuring the adventures of Canadian kids taking on ...
Automotive News
2d
U.S. Steel CEO ‘extraordinarily confident' Nippon deal will close despite political scrutiny
U.S. Steel CEO David Burritt expressed confidence the proposed acquisition of the storied U.S. company by Japanese steelmaker ...
Nippon
1d
Japanese School Student Stabbed in China
Shenzhen, China, Sept. 18 (Jiji Press)--A 10-year-old student at a Japanese school in Shenzhen, Guangdong Province, southern ...
2d
Here’s why the auto industry supports a US Steel sale to Japan’s Nippon Steel
Nippon Steel, for its part, has promised to invest in blast furnace production as part of a potential U.S. Steel purchase.
14d
Pennsylvania Sen. Kim Ward says she supports the Nippon Steel deal
One of Pennsylvania's most powerful politicians has come out in favor of the Nippon Steel plans to acquire United States ...
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