Loading...
President Biden's top economic aide has underscored the national security implications of the Japanese company's bid by Nippon Steel to acquire U.S. Steel, calling for a detailed examination. Nippon Steel sent a delegation to Washington to assess the situation, and Executive Vice President Takahiro Mori met with U.S. Congress members as the deal faced significant opposition. In a competitive twist, Cleveland-Cliffs Inc argued that its bid for U.S. Steel was worth $1.4 billion more than Nippon Steel's aggressive all-cash offer, which had previously given the Japanese firm the upper hand in the final stages of the bidding war.
Nippon made an aggressive all-cash offer for US Steel that propelled the Japanese firm into the lead in the final hours of a bidding war for the American steelmaker https://t.co/escnQ3xLuQ
Cleveland-Cliffs argued its US Steel bid was worth more than Nippon Steel's, filing shows https://t.co/QGp1t4ExdJ https://t.co/F9MIACkpbg
$X (-0.2% pre) $CLF Cleveland-Cliffs argued its US Steel bid was worth more than Nippon Steel's, filing shows - Reuters https://t.co/G9VkW8eRBQ
⚠️ CLEVELAND-CLIFFS ARGUED ITS US STEEL BID WAS WORTH MORE THAN NIPPON STEEL'S, FILING SHOWS (Reuters) Cleveland-Cliffs Inc sought to convince U.S. Steel Corp last month that its cash-and-stock acquisition offer was worth $1.4 billion more than an all-cash winning bid from…
Japan's Nippon Steel exec meets US Congress members amid US Steel deal https://t.co/NQYoylHi1C https://t.co/SNSgkAHkaK
Japan's Nippon Steel Executive Vice President Takahiro Mori has met US Congress members to discuss acquisition of US Steel, the company said, as it faces strong resistance to the deal https://t.co/jqTe5thGQ0
⚠️ JAPAN'S NIPPON STEEL EXEC MEETS US CONGRESS MEMBERS AMID US STEEL DEAL (Reuters) Japan's Nippon Steel Executive Vice President Takahiro Mori has met U.S. Congress members to discuss acquisition of U.S. Steel, the company said, as it faces strong resistance to the deal.… https://t.co/sffrqdYEVa
$X Nippon Steel sends delegation to Washington to gauge U.S. Steel deal - Nikkei https://t.co/g1YCjXIVzJ
Nippon Steel Sends Delegation To Washington To Gauge US Steel Deal - @NikkeiAsia https://t.co/AYHEVgkDH7
Biden’s top economic aide said the national security implications of a Japanese company’s bid to purchase US Steel deserve a close look https://t.co/q1WjdXi7RK