Biden's Nippon Steel decision could have ramifications on U.S. relations with Japan
President Biden is on the clock, needing to decide by Tuesday whether or not to stop Nippon Steel from buying U.S. Steel. Why it matters: This could have ramifications for economic relations between the two longtime allies,
Japanese buyer sends Biden new U.S. Steel proposal in final bid for support
Nippon Steel sent a new proposal in its bid to buy U.S. Steel, including giving the U.S. government a veto over any reduction in U.S. Steel’s “production capacity.”
Nippon Steel Offers Biden Veto Power to Win US Steel Deal
The proposal is aimed at addressing concerns raised by CFIUS, which said last week that the Japanese company’s takeover of U.S. Steel would lead to a decline in American steel output.
Nippon Steel offers US government veto power in bid for US Steel approval, source says
Japan's Nippon Steel has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel's production capacity, as part of its efforts to secure President Joe Biden's approval for acquiring the American steelmaker,
Nippon Steel Offers U.S. Veto Power in U.S. Steel Acquisition Bid
Japan's Nippon Steel is aiming to gain U.S. approval for its bid to acquire U.S. Steel by proposing veto power for the U.S. government over production capacity cuts. President Biden must approve the deal by January 7 or it will be automatically permitted.
Japan’s Nippon Steel offers governmental veto power for U.S. Steel production
Japan-based Nippon Steel has offered to give the U.S. government veto power over any potential reduction in steel output by U.S. Steel if the federal government approves a proposed merger.
Nippon Steel Sends Biden New US Steel Proposal To Win Support: Report
Nippon Steel has sent the White House a new proposal on US Steel, attempting to get the green light from President Joe Biden to acquire the American company, a US media report said Tuesday.
CFIUS Review of Acquisitions and Investments
To protect national security, the Committee on Foreign Investment in the United States (CFIUS) may review transactions ...
The Daily Signal1h
China Celebrates as Biden Casts Doubt on US Steel
As President Joe Biden seems likely to kill Nippon Steel's acquisition of U.S. Steel, China isn't hiding its glee.
Steelworkers Union Says Nippon Steel’s ‘Hail Mary’ Offer Lacks Commitment
The United Steelworkers union said Nippon Steel Corp.’s latest offer to win presidential approval of its proposed acquisition ...
U.S. Steel shares up after fresh optimism over potential deal
Shares of U.S. Steel, which had been down lately, rose 10% to $33.99 in the final hours of trading Tuesday as the reports ...
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 ...
National Security Committee Forgoes Decision on U.S. Steel Acquisition
The Committee on Foreign Investment in the United States kicked a decision over the merger with Japan’s Nippon Steel to ...
Opinion - It’s not too late to approve the Nippon Steel deal
The Nippon Steel acquisition is more than a simple transaction; it is a strategic investment in America’s future. Let’s not ...
Indiana Lawyer3d
Gary’s Eddie Melton one of 20 mayors to sign letter of support for U.S. Steel acquisition
Earlier this month, the Japanese steelmaker said it would invest $1 billion in U.S. Steel’s Gary Works if the acquisition ...