U.S. President Joe Biden plans to formally block Nippon Steel's proposed takeover of U.S. Steel on national security grounds once the $15 billion deal is referred back to him later this month, Bloomberg News reported on Tuesday, citing people familiar with the matter.



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Biden plans to block Nippon Steel purchase of US Steel, Bloomberg News reports

President Biden plans to formally block Nippon Steel's proposed takeover of US Steel on national security grounds once the $15 billion deal is referred back to him later this month, Bloomberg News reported Tuesday, citing people familiar with the matter.

Biden to kill Nippon Steel’s $15B takeover of US Steel on national security grounds: report

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Face-to-face talks between Nippon Steel and the United Steelworkers union failed to close the gap over the Japanese company’s proposed acquisition of U.S. Steel.

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Impasse deepens over U.S. Steel takeover as government review nears end

:U.S. President Joe Biden plans to formally block Nippon Steel's proposed takeover of U.S. Steel on national security grounds once the $15 billion deal is referred back to him later this month, Bloomberg News reported on Tuesday, citing people familiar with the matter.The U.S. national security panel reviewin

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United States Steel shares are plunging Tuesday following a Bloomberg report that President Joe Biden will block the company's proposed acquisition by Nippon Steel.

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Biden Set To Block US Steel Sale To Nippon Steel: Report - United States Steel (NYSE:X)

President Joe Biden plans to formally block the $14.1 billion sale of United States Steel Corp. to Nippon Steel Corp. on national security grounds once the deal is referred back to him later this month, people familiar with the matter said.

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US Steel Drops as Biden Plans to Block Sale to Nippon Steel


Shares of U.S. Steel tumbled more than 10% on Tuesday afternoon following a Bloomberg report suggesting the deal would be killed in short order

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US says review of Nippon-US Steel tie-up ongoing as US Steel shares tumble

With about 40 days until President-elect Donald Trump takes office, President Joe Biden is expected to block a Japanese company’s acquisition of U.S. Steel. On Tuesday, Bloomberg reported that Biden plans to block the $1.4 billion sale. The Committee on Foreign Investment in the United States panel must refer its decision to Biden by Dec. 22 or 23, according to Bloomberg. If CFIUS finds national security risks with the deal, members could either…

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Biden plans to formally block U.S. Steel sale, Bloomberg reports

Nippon Steel considers the role played by US politics in the US Steel affair to be “inappropriate”, after Bloomberg News reported that President Joe Biden decided to formally block the proposed acquisition of 14.1 billion dollars for national security reasons, by the end of the month. “It is inappropriate for politics to continue to prevail over real national security interests, especially when the essential alliance between the United States an…

Nippon Steel considera "inappropriato" il ruolo svolto dalla politica statunitense nella vicenda Us Steel, dopo che Bloomberg News ha riferito che il presidente Joe Biden avrebbe deciso di bloccare formalmente la proposta di acquisizione da 14,1 miliardi di dollari per motivi di sicurezza nazionale, entro la fine del mese. "È inopportuno che la politica continui a prevalere sui veri interessi della sicurezza nazionale, soprattutto quando l'allea…

Nippon Steel critica l'intervento politico USA nell'acquisizione di Us Steel

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Nippon Steel criticizes US political intervention in the acquisition of Us Steel

While supporters suggest that the acquisition reflects the Japanese company's investment would represent a sizeable commitment to the Midwest region and the American steel industry, some remain concerned any deal could create serious national security issues.

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Japan's Nippon Steel pledges to invest $1B in Gary, Indiana pending U.S. Steel acquisition

Battle Over Steel: Nippon's $15 Billion Gamble  The $15 billion bid by Nippon Steel for U.S. Steel remains under national security review, as President Biden awaits its outcome before deciding on a potential block, the White House reported. Shares of U.S. Steel saw a significant drop following speculations about the deal's demise.CFIUS, responsible for evaluating foreign investments for national security threats, is set to deliver its decision b…

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Battle Over Steel: Nippon's $15 Billion Gamble

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Biden plans to block Nippon Steel purchase of US Steel, Bloomberg News reports

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