The United Steelworkers union stands against the acquisition, citing potential threats to American jobs.
Tags: Nippon Steel
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.
US Steel Shares Drop as Trump Announces Nippon Steel Investment Instead of Purchase
US Steel shares drop as Trump announces Nippon Steel will invest instead of purchasing the company.
Nippon Steel to Face Higher Decarbonization Costs With US Steel Acquisition, Shareholders Warn
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.
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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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