Japan’s largest steel maker, Nippon, is asking to refile its bid to acquire US Steel, a person familiar with the decision told The Hill, a move that will put off a decision on approving the deal ...

Outgoing Sen. Sherrod Brown (D-Ohio) on Friday hailed President Biden’s decision to block the takeover of U.S. Steel by Japan’s Nippon Steel, a deal that was valued at $14 billion. “The deal ...

Ad Policy US Steel’s Coke Works facility in Clairton, Pennsylvania, on September 9, 2024. (Justin Merriman / Bloomberg via Getty Images) On Friday, President Joe Biden announced his decision to ...

President Joe Biden decided to block the $14 billion takeover of US Steel by Japan’s Nippon Steel even though some top US officials did not believe there were sufficient national security ...

Domestic steel production is essential to U.S. security, Biden said. President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon ...

An asset manager is seeking to quash Nippon Steel's takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the Pittsburgh-based company.

Control over special powers reverts to the Treasury Department and the Commerce Department when anyone else is president.

President Biden blocks sale of US Steel to Japanese company In blocking the sale to Nippon Steel, Biden said U.S. Steel "will remain a proud American company – one that’s American-owned and ...

Shares of US Steel dropped as much as 21.8% to a two-month low of $30.55 following the Bloomberg report, and triggered multiple trading halts for share price volatility and closed down 10% at $35.26.

U.S. Steel says it's being acquired by Nippon Steel in an all-cash deal valued at $14.9 billion. The combined company would be one of the top three steel makers in the world. In its long history ...

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 has been opposed by President Joe ...