Trump Backs US Steel, Nippon Partnership
Digest more
U.S. President Donald Trump has endorsed Nippon Steels $14.9 billion acquisition of U.S. Steel, calling it a planned partnership that will create over 70,000 jobs and inject $14 billion into the U.S.
High-Stakes Steel Showdown: Nippon Steel's $14 Billion Bid for U.S. Steel Faces Political Roadblocks
Nippon Steel proposes a $14 billion investment to acquire U.S. Steel, pending a U.S. government green light. Facing political resistance, particularly over national security concerns, Nippon Steel enhances its investment proposal amidst criticism and a potential $565 million breakup fee.
Hosted on MSN5mon
Nippon Steel and US Steel: what comes after the $15 billion merger?The fate of a $15 billion mega-merger between Japan’s Nippon Steel ... steel landscape and impacting thousands of American jobs. The proposed acquisition has faced significant political opposition.
A smarter move would be to allow Nippon Steel to withdraw its CFIUS filing until cooler political heads prevailed.
“CFIUS engaged in a process that was designed to reach a predetermined result: supporting President Biden’s political decision,” U.S. Steel and Nippon Steel further said in their joint ...
Japan's largest steelmaker, Nippon ... crude steel capacity. While the two companies have received regulatory approvals from relevant authorities outside the U.S., there remains political and ...
is ensnared by political and labor opposition. By River Akira Davis Reporting from Tokyo When U.S. Steel put itself up for sale in 2023, executives at Nippon Steel in Tokyo saw an opportunity ...