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Biden Administration Extends Review Period for Nippon Takeover of U.S. Steel
U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
Nippon Steel, U.S. Steel Send Letter to Biden on Merger Plans
Nippon Steel Chief Executive Eiji Hashimoto and U.S. Steel CEO David Burritt write to the White House as the $15 billion deal founders.
US Steel CEO confident Nippon Steel deal will close "on its merits"
U.S. Steel CEO David Burritt said on Tuesday he was confident Nippon Steel's $14.9 billion bid for his company would "close on its merits," despite political opposition and concerns raised in a national security review.
US Steel CEO says he can't imagine Nippon Steel deal not going through
CEO David Burritt said he's adamant that the company's $14 billion sale to Nippon Steel (OTCPK:NPSCY) will close. " I can't imagine it's not going to go through," Burritt said at an Economic Club event in Detroit on Tuesday.
US Steel CEO Confident Nippon Deal Will Succeed Despite Biden Opposition: 'We Live By A Code'
US Steel CEO confident in potential merger with Japan's Nippon Steel, despite Biden administration's opposition. Deal could close at $55/share.
Nippon Steel Gets More Time for U.S. Steel Deal Review
A decision on the national security review is potentially pushed out until after November’s presidential vote.
Nippon Steel to Get Extension, Pushing Deal Review Past US Election
A US security panel has granted Nippon Steel Corp. permission to refile its plans to purchase United States Steel Corp., for $14.1 billion, likely pushing a decision on the politically contentious takeover past the US elections in November,
US decision on Nippon bid for US Steel pushed back to after Nov election, sources say
By Jeff Mason, Alexandra Alper and Katya Golubkova WASHINGTON/TOKYO (Reuters) -The U.S. national security panel reviewing Nippon Steel's $14.9 billion bid for U.S. Steel let the companies refile their application for approval of the deal,
Japan’s Nippon Steel gets 3 month reprieve as Washington pushes review of U.S. Steel bid past the election
President Joe Biden, Democratic nominee Kamala Harris and Republican nominee Donald Trump all oppose Nippon Steel's $14.9 billion takeover bid for U.S. Steel.
US delays decision on Nippon Steel’s $15bn bid for US Steel
The US government has extended its national security review of Nippon Steel’s proposed $15bn acquisition of US Steel, in a surprise move given that the deal had been opposed by Joe Biden and Kamala Harris.
6d
Some US Steel appeal would survive busted deal
Insufficient heat can interrupt the welding process, but U.S. Steel’s problem has been too much of it. Fiery nationalistic ...
MinnPost
8d
Two Iron Range mines are thrown into a political and corporate fray
On reports President Biden was set to block the U.S. Steel sale its chief executive threatened to close plants and move its ...
2d
U.S. Steel CEO discusses Nippon merger in Detroit. Here's what he said
Automakers support the deal because in their eyes it will increase supply and offer price competition for the steel they use ...
The Business Journals
1d
U.S. Steel CEO David Burritt optimistic deal will be struck with Nippon Steel
The companies want to close the transaction by the end of the year. It was announced in December 2023. United States Steel Corp. CEO
David
Burritt
on Thursday voiced optimism that the $14.9 ...
15d
US Steel CEO Warns of Plant Closings, HQ Move if Nippon Steel Deal Fails
U.S. Steel's CEO warned the company would have to close plants and might move its headquarters out of Pittsburgh if the ...
Automotive News
2d
U.S. Steel CEO ‘extraordinarily confident' Nippon deal will close despite political scrutiny
U.S. Steel CEO David Burritt expressed confidence the proposed acquisition of the storied U.S. company by Japanese steelmaker ...
15d
U.S. Steel CEO warns Mon Valley Works, Pittsburgh HQ at risk if Nippon Steel deal falls through
United States Steel Corp.'s CEO warned that the future of the Mon Valley Works and its Pittsburgh headquarters were ...
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