Nippon Steel pushes deadline to close U.S. Steel deal

Nippon Steel pushes deadline to close U.S. Steel deal as Biden decision looms
Japan's Nippon Steel said on Thursday it has extended the closing date for its $14.9 billion purchase of U.S. Steel as U.S. President Joe Biden weighs whether to block a deal that has faced intense opposition since it was announced.
Nippon Extends US Steel Acquisition Awaiting President's Final Decision
The announcement comes as the Committee on Foreign Investment in the U.S. has referred the acquisition matter to President Joe Biden, who will make a final decision about the deal within 15 days. Additionally, the review process of the Antitrust Division of the U.S. Department of Justice is still pending.
Nippon Steel Deal Could Still Change the Industry
Nippon Steel's investment has the potential to extend the operational life of U.S. Steel plants bringing enhanced productivity, innovative practices and investment in research and development. New product lines could require expanded skillsets, leading to the creation of new jobs.
Japan's Nippon Steel revises closing date for U.S. Steel acquisition
Japan's Nippon Steel said on Thursday it revised the closing date for its purchase of U.S. Steel, expressing confidence that the acquisition will protect and grow the American company. The estimated closing date was revised to the first quarter of 2025 from the third or fourth quarter of 2024 previously.
Blocking Nippon-U.S. Steel Would Be One of Biden's Worst Decisions
It may not be as damaging as Herbert Hoover’s Smoot-Hawley tariffs, or Richard Nixon’s wage-price controls, but a decision by President Biden to block the Nippon-U.S. Steel deal woul
Nippon Steel delays closing for U.S. Steel deal, as it awaits Biden decision
Nippon Steel on Thursday delayed the closing date for its proposed $14.9 billion purchase of U.S. Steel, as it waits to learn if President Biden will block the deal on national security grounds. Why it matters: The Japanese steelmaker is trying to play nice with the White House,
Nippon extends the closing date to acquire U.S. Steel as Biden decides its fate
Nippon Steel has extended the closing date for its $15 billion acquisition of U.S. Steel (X), as Japan’s biggest steel firm faces opposition from both the current and next president of the U.S.
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Biden will decide on U.S. Steel acquisition after influential panel fails to reach consensus
A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 ...
Biden will decide on U.S. Steel-Nippon Steel deal after panel fails to reach consensus on national security risk
A government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed ...
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Nippon Steel's $14.9B U.S. Steel Acquisition Faces Political and Union Hurdles
Nippon Steel's purchase of U.S. Steel, worth $14.9 billion, has been postponed to 2025 due to opposition from unions and ...
Nippon Steel's US Steel takeover plan has support in steelmaking areas, executive says
TOKYO (Reuters) -Japan's Nippon Steel is seeing support for its proposal to acquire U.S. Steel in the regions of the United ...
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The False Alternatives To a U.S. Steel-Nippon Steel Merger
Nippon Steel merger would be beneficial for U.S. security and the career prospects of U.S. Steelworkers reflect a fundamental ...
U.S. Steel employees rally in support of proposed sale to Nippon Steel
Union employees of U.S. Steel rallied on Thursday in support of the company's proposed sale to Japan-based Nippon Steel.
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US panel could not reach consensus on US-Japan steel deal: Nippon
"Nippon Steel has been informed by CFIUS that the Committee ... diplomatic fallout from derailing a transaction championed by Japan, a close US ally. Nippon said the deal should go through.
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Nippon Steel pushes out expected U.S. Steel closing date to Q1 of 2025
Nippon Steel (NPSCY) issued the following statement regarding the ... We would like to express our sincere gratitude to the wide range of stakeholders in the United States and Japan, including ...