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,
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 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.
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 reportedly adds 10-year guarantee to not reduce US Steel production if deal goes through
Nippon Steel is making a final push to garner approval for the purchase of U.S. Steel. The Washington Post reports Japanese-based Nippon is offering a 10 year guarantee that it will not reduce production in the six states, including Pennsylvania, if the deal goes through.
Nippon proposed capacity veto for U.S. Steel deal, Washington Post says
Nippon Steel (NPSCY) proposed giving the U.S. government a veto over any reduction in U.S. Steel’s (X) production capacity in a final bid for
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.
Biden to decide on Nippon Steel acquisition of U.S. Steel
President Biden has just over a week to decide how he wants to move forward on Nippon Steel's proposed acquisition of U.S. Steel. CBS News White House reporter Willie James Inman has more on that and some of the other big news coming out of the Biden administration.
Japanese buyer sends Biden new U.S. Steel proposal in final bid for support
Nippon Steel sent the White House a new proposal to try and get a deal to buy U.S. Steel, including giving the U.S. government a veto over any reduction in U.S. Steel’s “production capacity.”
U.S. Steel Shares Up After Report of New Takeover Proposal From Nippon Steel
Shares of U.S. Steel gained following a Washington Post report that Nippon Steel proposed giving the U.S. government power to veto any reduction in the steelmaker's production capacity. The stock was up 7.
Nippon Steel proposal gives U.S. government veto power over potential cuts to U.S. Steel's production capacity
Nippon Steel is making a new proposal to the Biden administration as it continues its bid to buy U.S. Steel. The Japanese-based company has proposed giving the U.S. government veto power over any potential cuts to U.
To make America great, Trump can enable the Nippon Steel acquisition
One thing that should be simple is reversing President Joe Biden’s absurd policy on the proposed acquisition of U.S. Steel by ...
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Nippon Steel reportedly negotiating directly with White House in quest to purchase US Steel
Nippon Steel is now negotiating directly with the White House to save the imperiled takeover as President Joe Biden is due to ...
Global Finance1d
Japan: Nippon Makes Record Overseas Insurance Purchase
Nippon Life Insurance, Japan’s largest private insurer, is spending $8.2 billion on global life insurance firm Resolution ...
Biden will decide on U.S. Steel-Nippon Steel deal after panel fails to reach consensus on national security risk
A government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed ...
Key deals for the week: Honda, Nippon, Murdoch’s News Corp, L’Oreal and more
A quick look at a list of key deals reported this week across sectors: Nippon Steel (OTCPK:NPSCY) extended the closing date ...
Time line: U.S. Steel's long journey toward Nippon Steel
When Nippon Steel's winning $55-a-share cash bid for United States Steel Corp. was announced Dec. 18, 2023, both companies ...
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Nippon Steel says blast furnace reline 'first of many significant investments planned for Indiana'
Nippon Steel said in an 11th-hour appeal to U.S. Steel employees that it would protect integrated steel mills and union jobs.