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President Biden announced Friday that he is blocking the $15 billion proposal by Japan's Nippon Steel to buy U.S. Steel after a government panel recently failed to reach consensus on the possible ...

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United States President Joe Biden has blocked the $14.9bn sale of the Pittsburgh, Pennsylvania-based US Steel to Japan’s Nippon Steel. The move on Friday deals a potentially fatal blow to the ...

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Nippon Steel offered to give the U.S. government a veto over any reduction in U.S. Steel's production capacity in a proposal that marks a last-ditch effort to win President Joe Biden’s approval ...

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Dec 31 (Reuters) - Japan's Nippon Steel (5401.T), opens new tab has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel's (X.N), opens new tab production capacity ...

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The deal was announced in Dec. 18, 2023, following a four-month strategic alternatives review process. When Nippon Steel's winning $55-a-share cash bid for United States Steel Corp. was announced ...