The sale of US Steel to Nippon Steel has sparked controversy, with politicians and workers expressing concerns. A rival bid from Cleveland-Cliffs has raised antitrust issues. Nippon Steel made an aggressive all-cash offer, propelling them into the lead in the bidding war. Nippon Steel's executive met with US Congress members to discuss the acquisition amid strong resistance. Cleveland-Cliffs argued that its bid was worth $1.4 billion more than Nippon Steel's. Before Nippon prevailed, Cleveland-Cliffs attempted to seal a deal with US Steel, but authorities are altering merger decisions. The purchase has caused a stir, with demands for it to be stopped by regulators, but there are reasons for it to go through.
Inside U.S. Steel's decision to be acquired by Japan's Nippon Steel https://t.co/tZDiYoHM5D
Before Nippon prevailed, Cleveland-Cliffs tried to seal a deal with US steel. Even a hefty break fee and synergies couldn’t sway the target. It’s a revealing portal into how authorities are altering merger decisions: @JMAGuilford https://t.co/HCOa49G0FN https://t.co/v0NoX3qpw1
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 (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 (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
Approve the Nippon-U.S. Steel Deal. The purchase of the famed company by a Japanese giant has made pols of both parties apoplectic, demanding it be stopped by regulators. But there are good reasons for it to go through. https://t.co/3vMzZkZIdT
#ICYMI: The sale of US Steel to Nippon Steel is riling workers and politicians. A rival Cleveland-Cliffs bid will attract trustbusters. It epitomizes today’s fraught M&A, but the Japanese buyer is in the strongest position, writes @JMAGuilford https://t.co/dND1YkjYfE https://t.co/MTyB7dQIQM
#ICYMI: The sale of US Steel to Nippon Steel is riling workers and politicians. A rival Cleveland-Cliffs bid will attract trustbusters. It epitomizes today’s fraught M&A, but the Japanese buyer is in the strongest position, writes @JMAGuilford https://t.co/dND1Ykkw5c https://t.co/1IGW5qfADV
The outrage from J.D. Vance (and others) over Nippon Steel buying U.S. Steel seems selective, political, and performative. Over 300,000 Ohioans work for companies based outside the U.S. -- as do nearly 8 million Americans. And that's fine. https://t.co/pLJFGq8n5z
Should Washington block a Japanese company’s takeover bid for for the American company U.S. Steel? FP’s @CameronAbadi and @adam_tooze discuss: https://t.co/thzOiTzM9M
From @Breakingviews: The sale of US Steel to Nippon Steel is riling workers and politicians. A rival Cleveland-Cliffs bid will attract trustbusters. It epitomizes today’s fraught M&A, but the Japanese buyer is in the strongest position, writes @JMAGuilford https://t.co/jhPjswm3F4
The sale of US Steel to Nippon Steel is riling workers and politicians. A rival Cleveland-Cliffs bid will attract trustbusters. It epitomizes today’s fraught M&A, but the Japanese buyer is in the strongest position, writes @JMAGuilford https://t.co/dND1Ykkw5c https://t.co/15Fx0wnpPw
The acquisition of United States Steel Co. by Japanese multinational Nippon Steel is not a bad deal for America. @scottlincicome explains... https://t.co/rc9VTISNoX #CatoTrade https://t.co/GeX5Diec4p