M&A

Biden blocks Nippon Steel's $14.9bn bid for US Steel

By Frank Prenesti

Date: Friday 03 Jan 2025

(Sharecast News) - US President Joe Biden has intervened in the final weeks of his administration and blocked Japan Nippon Steel's $14.9bn bid for US Steel, citing national security concerns.
In a statement, Biden added that "US Steel will remain a proud American company - one that's American-owned, American-operated, by American...

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