US Steel Asks for Nippon Deal To Be Approved With President Biden Set to Decide
Key Takeaways U.S. regulators failed to agree on whether to allow Nippon Steel's $14.9 billion purchase of U.S. Steel, passing the decision to President Biden. Both President Biden and President-elect Trump have threatened to block the deal.
President Biden to decide fate of Nippon Steel's $15 billion bid for US Steel
Nippon Steel's $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden, a White House spokesman said, giving the president 15 days to decide on a tie up he has previously said he opposes.
Biden Will Decide on US Steel Acquisition After Influential Panel Fails to Reach Consensus
A powerful government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel
Panel’s deadlock on U.S. Steel sale leaves final decision to Biden
A high-level government review board has told the White House it is unable to reach a consensus on the national security risks involved in Nippon Steel’s proposed acquisition of U.S. Steel, likely setting the stage for President Joe Biden to kill the deal.
Fate of US Steel’s deal with Japan’s Nippon is now up to Biden, sources say
Nippon Steel’s U.S. Steel Acquisition Plan Referred to Biden for Review
The Japanese company’s plan to acquire United States Steel has been referred to President Biden after a government panel reviewing the plan failed to reach a consensus.
Nippon’s bid for US Steel in Joe Biden’s hands after panel vetting deal deadlocked
The (Cfius) reported to the White House on Monday that the nine agencies on the panel had not reached consensus that the deal posed no security risks, according to Nippon Steel and a person familiar with the matter.
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