Japan's Nippon Steel revises closing date for U.S. Steel acquisition
Japan's Nippon Steel said on Thursday it revised the closing date for its purchase of U.S. Steel, expressing confidence that the acquisition will protect and grow the American company. The estimated closing date was revised to the first quarter of 2025 from the third or fourth quarter of 2024 previously.
Committee split on Nippon Steel acquisition of U.S. Steel, now up to president to decide
The Committee on Foreign Investment in the United States is reportedly split on whether Nippon Steel's $14.9 billion acquisition of U.S. Steel, kicking it over to the administration to take action. President Joe Biden received the report Monday and how has 15 days to reach a decision.
US Steel Sale to Nippon Looks Dead. CFIUS Won’t Decide If It’s a Security Risk.
A committee charged with judge National security concerns from foreign investment couldn’t decide if Japan was a friend or foe.
US Steel Asks for Nippon Deal To Be Approved With President Biden Set to Decide
Key Takeaways U.S. regulators failed to agree on whether to allow Nippon Steel's $14.9 billion purchase of U.S. Steel, passing the decision to President Biden. Both President Biden and President-elect Trump have threatened to block the deal.
Japanese giant Nippon says Rust Belt residents back $15B takeover of US Steel
The president of Nippon Steel said he is seeing support in Rust Belt communities for the Japanese company’s proposed $15 billion takeover of US Steel — a deal opposed by both President Joe Biden and President-elect Donald Trump.
Nippon Steel's US Steel takeover plan has support in steelmaking areas, executive says
Japan's Nippon Steel is seeing support for its proposal to acquire U.S. Steel in the regions of the United States where steel ...
Biden will decide on U.S. Steel-Nippon Steel deal after panel fails to reach consensus on national security risk
A government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed ...
The Washington Post2d
Panel’s deadlock on U.S. Steel sale leaves final decision to Biden
A high-level government review board has told the White House it is unable to reach a consensus on the national security risks involved in Nippon Steel’s proposed acquisition of U.S. Steel ...
Exclusive: Nippon Steel alleges undue White House influence on doomed deal review, letter says
Nippon Steel alleges the White House had "impermissible undue influence" over a national security review of its $14.9 billion ...
Manufacturing2d
Nippon Steel Deal Could Still Change the Industry
Nippon Steel's investment has the potential to extend the operational life of U.S. Steel plants bringing enhanced ...
justthenews1d
Treasury panel can't agree on proposed Nippon, US Steel deal, leaving decision to Biden
Last year, Nippon reached an agreement to purchase U.S. Steel. CEO David B. Burritt said that the purchase would make the ...
Exclusive: Despite revamped proposals, Nippon Steel deal on track to be blocked, letter shows
Despite a steady stream of meetings and calls with U.S. officials, and three revamped proposals to assuage national security ...
Nippon Steel Alleges Undue US Influence on Deal Review: Reuters
Nippon Steel Corp. alleges the White House had undue influence over a national security review of the Japanese company’s ...
devdiscourse2d
Nippon's Steel Ambition Stalled: CFIUS in Limbo Over U.S. Deal
The Committee on Foreign Investment in the United States (CFIUS) failed to reach a consensus on Nippon Steel's bid to acquire ...
CNN2d
Fate of US Steel’s deal with Japan’s Nippon is now up to Biden, sources say
Both US Steel and Nippon have maintained that the deal poses no national security threat. Spokespeople for both companies did not immediately respond to a request for comment. Shares of US Steel ...
Bangkok Post1d
Pichai invites Nippon Steel to expand investment in Thailand
Commerce Minister Pichai Naripthaphan recently visited the headquarters of Nippon Steel Corporation (NSC), the world’s fourth ...