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White House delays order for Nippon Steel to end takeover bid for US Steel
The Biden administration has delayed its order for Nippon Steel (OTCPK:NPSCY)(OTCPK:NISTF) to drop its $14.9B takeover deal of United States Steel (NYSE:X) until mid-June, the companies said in a ... Read More
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 make a final decision by Tuesday, according to a letter obtained by the ... Read More
US Steel Stock Sinks as Biden Blocks Nippon Steel Takeover
Shares of U.S. Steel sank Friday as President Joe Biden blocked the $14.1 billion sale of the iconic American company to Japan's Nippon Steel. Read More
Companies signal court fight ahead after Biden blocks U.S. Steel sale
The move comes after a year of political and economic drama. It leaves the future of the once-iconic American business in doubt. Read More
White House Divided: Biden Rejects Steel Acquisition Despite Strong Advisory Support
President Biden blocked Nippon Steel's acquisition of U.S. Steel despite advisors' concerns about national security and legal repercussions. Read More
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