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Pennsylvania

Biden Plans to Block Takeover Bid of U.S. Steel by Japan’s Nippon

The president’s announcement of the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year, is expected as soon as Friday.

By: The New York Times
  • Jan 04 2025
  • 49
  • 4634 Views
Biden Plans to Block Takeover Bid of U.S. Steel by Japan’s Nippon
Biden Plans to Block Takeover
President Biden has decided to block the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement expected as soon as Friday based on grounds that the sale poses a threat to national security, according to people familiar with t... [894 chars]

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Biden blocks US Steel takeover by Japan-based Nippon
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