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U.S. Steel turns to Trump to save Nippon deal
US Steel spat strengthens case for deal guardrails
A 123-year-old steelmaker’s fate could yet become a restraint on modern-day executive power. United States Steel and suitor Nippon Steel have gone to court over U.S. President Joe Biden’s decision to nix their $15 billion deal.
Trump might still have sway in U.S. Steel-Nippon deal
President-elect Donald Trump’s comments Tuesday, touting a United Arab Emirates company’s planned $20 billion investment in U.S. data centers, could spark hope for the proposed takeover of U.S. Steel by Japan’s Nippon Steel.
Nippon Steel bets on Trump to salvage $15bn US deal
Nippon Steel and US Steel are betting Donald Trump can be persuaded to back their $15bn deal, accusing President Joe Biden of blocking the transaction to win union support in last year’s presidential election.
1d
U.S. Steel, Its Merger Blocked, Faces Stark Alternatives
The onetime dynamo is fighting to revive a takeover by Nippon Steel. Other tie-ups could also face obstacles, and going it ...
7d
on MSN
Rise of US Steel paralleled the arrival of the United States on the world stage
President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan’s Nippon Steel — something he had first vowed ...
Opinion
1d
Opinion
Zito: U.S. Steel sale and future in limbo after Biden block
Biden said he blocked the $14 billion takeover of U.S. Steel by Japan's Nippon Steel on the grounds the sale was a threat to ...
4d
U.S. Steel and Nippon Sue Biden Over Decision to Block Merger
U.S. Steel and Japan’s Nippon Steel sued the United States government on Monday in a last-ditch attempt to revive their ...
2d
Japanese steelmaker vows not to give up on buying U.S. Steel
Nippon Steel said it wouldn't be deterred by Biden’s decision last week to block its $15 billion bid for the storied U.S.
Opinion
4d
on MSN
Opinion
Biden’s decision to block the US Steel sale would have made Harry Truman proud
Biden’s decision serves as a reminder, as the new president comes to power, of just how much a president can do under the ...
9d
on MSN
Why United States Steel Stock Crushed the Market Today
A dramatic improvement in the prospects for United States Steel (NYSE: X) being sold to a foreign buyer led to a rally in the ...
The Economist
1d
What next for US Steel?
Overturning Mr Biden’s decision in court will be tough. Judges give wide latitude to the executive on matters of national ...
4d
on MSN
Nippon and U.S. Steel filed a lawsuit after the Biden administration blocked a $15 billion deal
The suit, filed Monday in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision ...
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