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 on Friday — something he had first vowed to do in March. His decision comes after the Committee on Foreign Investment in the United States,
U.S. Steel and Nippon Sue Biden Over Decision to Block Merger
Nippon and U.S. Steel filed a lawsuit after the Biden administration blocked a $15 billion deal
Nippon Steel lawsuit against Biden could buy time to keep U.S. Steel deal alive
U.S. Steel CEO calls for Trump to take fresh look at Nippon deal, slams Biden decision as corrupt
Trump opposes U.S. Steel's sale to Nippon, but CEO David Burritt believes he can convince the president-elect that the deal is in the interest of U.S. workers.
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. steelmaker.
Timeline: 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 expected to close on the deal in the second or third quarter of 2024.
United States Steel: Dead Deal Creates Income Opportunities
United States Steel’s earnings and margins decline in 2024. Learn why X stock is slightly overvalued at $30, with a fair value of $25 per share.
Biden’s decision to block Nippon Steel takeover creates uncertainty for U.S. Steel workers
By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden said he was protecting good jobs in the American heartland. He may be putting them at risk instead.
The Motley Fool9d
Why United States Steel Stock Crushed the Market Today
Japan-based Nippon Steel's $14.9 billion deal for its U.S. peer hangs in the balance, following objections from the Treasury Department's Committee on Foreign Investment in the United States (CFIUS).
U.S. News & World Report7d
Rise of US Steel Paralleled the Arrival of the United States on the World Stage
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 on Friday ...
The Washington Post7d
Rise of US Steel paralleled the arrival of the United States on the world stage
By the mid-1980s, the U.S. steel industry produced just about 11% of steel used globally as economic growth in developed countries slowed. By then, the United States was importing more than 25% of ...
U.S. Steel, Nippon Steel file lawsuits to keep $14.9B deal alive
There are two separate lawsuits, including one against rival Cleveland-Cliffs and the president of United Steelworkers.
Crain's Cleveland Business4d
Nippon Steel, U.S. Steel sue Cleveland-Cliffs and others in move to keep deal alive
They also filed a lawsuit in federal court in Pittsburgh against rival steelmaker Cleveland-Cliffs Inc. and CEO Lourenco Goncalves, as well as United Steelworkers President David McCall, alleging coordinated anticompetitive and racketeering activities designed to allow only Cliffs to acquire U.S. Steel.