The European Union (EU) has approved Japan's Nippon Steel's acquisition of US Steel for $14.9 billion despite facing opposition in the United States.
Tags: Nippon Steel
Government to Retain Veto Power in US Steel Deal With Japan's Nippon Steel
The US will keep veto power in Nippon Steel's $14.9B deal to buy US Steel, ensuring key decisions remain under American control.
Trump Approves Nippon Steel Merger, Citing $14B Boost to US Economy
Trump approves US Steel-Nippon merger, pledging 70,000 jobs and $14B investment in the US economy.
Trump Slams Potential Sale of US Steel to Japan's Firm Nippon
Trump opposes Nippon Steel's $14 billion bid for U.S. Steel, causing uncertainty over the deal's future amid national security concerns.
US Steel Takeover by Nippon Back in Spotlight as Trump Demands Review
Trump orders a new review of Nippon Steel's $14.9 billion acquisition of U.S. Steel after Biden blocked the deal over national security concerns.
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US Steel shareholders have overwhelmingly approved the firm's sale to Japan's Nippon Steel for a cash payment of $14.1 billion.
The United Steelworkers union stands against the acquisition, citing potential threats to American jobs.
After President Joe Biden voiced opposition to the $14.1 billion plan of Japan's Nippon Steel to acquire US Steel, the Japanese firm said it is committed to pursuing the buyout deal.
Japan's Nippon Steel has secured a deal to buy US Steel for $14.9 billion. Japan's Nippon Steel has secured a deal to buy US Steel for $14. 9 billion.
In an article on Reuters, two unidentified sources were cited saying that ThyssenKrupp is set to divest its US steel plant and expects to obtain around USD1.5 billion from its asset sale.
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