Tags: Nippon Steel
Trump-Backed US Steel Deal with Nippon Finalized, Sparks Job Boom
US Steel finalizes deal with Nippon Steel, backed by Trump, promising over 100,000 US jobs and $11 billion in investments.
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.
Latest News
Nippon Steel's proposed acquisition of US Steel has raised concerns among shareholders about the potential increase in decarbonization costs for Japan's largest steelmaker.
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.
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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