Biden Administration Extends Review Period for Nippon Takeover of U.S. Steel
U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
US Steel CEO says he can't imagine Nippon Steel deal not going through
CEO David Burritt said he's adamant that the company's $14 billion sale to Nippon Steel (OTCPK:NPSCY) will close. " I can't imagine it's not going to go through," Burritt said at an Economic Club event in Detroit on Tuesday.
Nippon Steel, U.S. Steel Send Letter to Biden on Merger Plans
Nippon Steel Chief Executive Eiji Hashimoto and U.S. Steel CEO David Burritt write to the White House as the $15 billion deal founders.
Nippon Steel Gets More Time for U.S. Steel Deal Review
A decision on the national security review is potentially pushed out until after November’s presidential vote.
Federal decision on Nippon-US Steel takeover to be pushed back
Japan’s largest steel maker, Nippon, is asking to refile its bid to acquire US Steel, a person familiar with the decision told The Hill, a move that will put off a decision on approving the deal until after the president election.
White House says review of Nippon Steel’s proposed purchase of US Steel ongoing
A source told Reuters this week that the US national security panel reviewing Nippon Steel's $14.9 billion bid.
US Steel CEO Confident Nippon Deal Will Succeed Despite Biden Opposition: 'We Live By A Code'
US Steel CEO confident in potential merger with Japan's Nippon Steel, despite Biden administration's opposition. Deal could ...
The Business Journals1d
U.S. Steel CEO David Burritt optimistic deal will be struck with Nippon Steel
The companies want to close the transaction by the end of the year. It was announced in December 2023. United States Steel Corp. CEO David Burritt on Thursday voiced optimism that the $14.9 ...
Automotive News3d
U.S. Steel CEO ‘extraordinarily confident' Nippon deal will close despite political scrutiny
U.S. Steel CEO David Burritt expressed confidence the proposed acquisition of the storied U.S. company by Japanese steelmaker ...
U.S. Steel CEO discusses Nippon merger in Detroit. Here's what he said
Automakers support the deal because in their eyes it will increase supply and offer price competition for the steel they use ...
Some US Steel appeal would survive busted deal
Insufficient heat can interrupt the welding process, but U.S. Steel’s problem has been too much of it. Fiery nationalistic ...
MinnPost9d
Two Iron Range mines are thrown into a political and corporate fray
On reports President Biden was set to block the U.S. Steel sale its chief executive threatened to close plants and move its ...
US Steel CEO says company likely to close steel mills if proposed $14B sale to Nippon Steel falls through
U.S. Steel's CEO is warning that the failure of its planned sale to Nippon Steel would lead to the closure of steel mills ...
New York Sun12d
Collapse of $15 Billion Sale of U.S. Steel to Nippon Steel Could Cool the ‘Spirit of Camp David’
At issue is the question of how much Washington can trust Tokyo eight decades after the end of Japanese rule over Korea.
U.S. Steel: Indiana, Pennsylvania operations threatened if acquisition by foreign buyer blocked
U.S. Steel is threatening a shift away from integrated steelmaking, which it has done in Northwest Indiana for nearly 120 years, if the $14.9 billion Nippon acquisition falls through.