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BREAKING: President Biden stops Nippon’s acquisition of U. S. Steel

Summary by Illinois Business Journal
By MELISSA CROCKETT MESKE IBJ Managing Editor macmeske@ibjonline.com On Jan. 3, 2025, President Joe Biden issued an executive order to block the acquisition of U. S. Steel by Japan’s Nippon Steel Corporation. In his published order, the President states that he believed there was credible evidence through the proposed acquisition that the “Purchasers of United States Steel Corporation, a Delaware corporation (U.S. Steel), might take action that …
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Illinois Business Journal broke the news in on Friday, January 3, 2025.
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