US Steel shareholders approve takeover by Japan’s Nippon Steel opposed by Biden administration
- U.S. Steel shareholders approved Japan's Nippon Steel acquisition, valuing at $14.9 billion, despite Biden's opposition.
- Nippon pledged to keep all jobs, uphold agreements, and relocate U.S. Headquarters to Pittsburgh. The Justice Department opened an antitrust investigation.
- The deal faces regulatory scrutiny, including CFIUS review. Concerns over national security prompted opposition from U.S. Lawmakers.
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Leaning Left4Leaning Right2Center8Last Updated19 days agoBias Distribution57% Center