Biden blocks Japan's Nippon Steel from buying US Steel
US President Joe Biden has formally blocked the takeover of US Steel by a bigger Japanese company, saying foreign ownership could pose risks for national security. The controversial decision comes a year after Nippon Steel first announced the $14.9bn (£12bn) deal, describing it as a lifeline for its smaller Pennsylvania-based rival.
Japan-based Nippon Steel has offered to give the U.S. government veto power over any potential reduction in steel output by U ...
The companies condemned the president's decision and hinted at taking legal action, while U.S. Steel's CEO accused Biden of ...
9hon MSN
A Japanese government source told Euronews that the Biden adminstration's decision to block the takeover of US Steel by Japan ...
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