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Nippon Attempts To Revive US Steel Deal With Larger Capital Investments
Friday, March 28, 2025 - 4:16pm | 411Nippon Steel and United States Steel Corp. (NYSE:X) are reportedly negotiating with the Trump administration to revive their $14 billion merger by significantly boosting investments in U.S. Steel's Rust Belt facilities. The Details: According to a report from Semafor, sources familiar with...
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Biden Set To Block US Steel Sale To Nippon Steel: Report
Tuesday, December 10, 2024 - 5:33pm | 473United States Steel Corp. (NYSE:X) shares plunged Tuesday following a report that President Joe Biden will block the company's proposed deal with Nippon Steel. The Details: People familiar with the matter told Bloomberg that Biden views the sale as a national security risk. The Committee on...
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Kamala Harris Opposed $14.1B Nippon Steel Acquisition Of US Steel Labeled By United Steelworkers As 'Doomed' — Union Boss Says Executives Using 'Oldest Tricks In The Book'
Thursday, September 12, 2024 - 11:46pm | 644After Nippon Steel‘s (OTC:NPSCY) last-ditch efforts to win over workers for its $14.1 billion acquisition of United States Steel Corporation (NYSE:X), United Steelworkers, a general trade union says that the takeover proposal is a "doomed deal" and the union willing to fight any foreign...
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US Steel CEO David Burritt Blasted By United Steelworkers President After $15B Deal With Nippon Steel Comes Under Biden Administration Scrutiny: 'Get A Decent CEO'
Thursday, September 5, 2024 - 11:18pm | 660As President Joe Biden prepares to block the deal between Nippon Steel Corp (OTC:NPSCY) and United States Steel (NYSE:X), the head of United Steelworkers says that the Japanese steelmaker needs to rework its deal and suggested American company’s board to replace the CEO to win the union's...