US Steel put itself up for sale in 2023 after receiving an unsolicited $7 billion takeover offer from Ohio-based Cleveland Cliffs. The $14.9 billion deal with Nippon Steel, Japan’s largest ...
Now, the iconic Pittsburgh-based manufacturer is set to be acquired by a Japanese steelmaker, Nippon Steel — if the federal government allows the deal to proceed. Earlier this month, reports ...
Here's what you need to know about the proposed sale of U.S. Steel to the Nippon Steel Corporation. What is the Nippon U.S. Steel deal? In 2023, Nippon Steel Corporation agreed to purchase U.S ...
Nippon and U.S. Steel agreed to the $14.9 billion deal last December. But in March, President Biden said it was “vital” for U.S. Steel to remain “an American steel company.” Last month, ...
The White House has faced backlash for politicizing its review of Nippon Steel’s takeover of the company. By Alan Rappeport, Andrew Duehren and Lauren Hirsch The Biden administration is ...
Detroit — U.S. Steel Corp. CEO David Burritt told a crowd in the Motor City — where many major steel customers reside — that he expects a sale of the company to Japan's Nippon Steel Corp ...
After spending more than a week trying to secure a meeting with the president of the United Steelworkers union, Nippon Steel’s Takahiro Mori finally got an answer. But it was not the one he wanted.
Washington — With a deal still in flux, the U.S. auto industry keeps pushing top government officials to allow the proposed acquisition of United States Steel Corp. by Japanese rival Nippon ...
Sept 17 (Reuters) - A national security committee reviewing Nippon Steel's (5401.T), opens new tab bid for U.S. Steel (X.N), opens new tab granted a request by the companies to refile their bid ...
U.S. Steel, the Pittsburgh steel producer that played a key role in the nation's industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion.