The proposed sale of US Steel to Nippon Steel has become a contentious issue, stirring up concerns among workers and politicians. A competing bid from Cleveland-Cliffs is expected to face scrutiny from antitrust regulators, as noted by @JMAGuilford. The situation highlights the complex nature of modern mergers and acquisitions. A national security review is set to be a key battleground in this corporate struggle, reflecting the challenges CEOs face when pursuing large-scale mergers amid conflicting stakeholder interests. Former Treasury Secretary Lawrence Summers has commented on the situation, noting its significance as a test for the Biden administration, while also stating that there is no national-security justification for questioning the takeover.
"When we had much higher tax rates in the United States in the 50s, the 60s and the early 70s. Productivity growth was more rapid than it has been in recent years," says Former Treasury Secretary @LHSummers. Watch "Wall Street Week" Fridays at 6pm ET👉 https://t.co/WSaleaBbzA https://t.co/7LvjjhaLtM
"When we had much higher tax rates in the United States in the 50s, the 60s and the early 70s. Productivity growth was more rapid than it has been in recent years," says Former Treasury Secretary @LHSummers. Watch "Wall Street Week" Fridays at 6pm ET👉 https://t.co/9nQFlswOYK https://t.co/nyb9YbGq0i
"This is a test for the Biden administration," says Former Treasury Secretary @LHSummers of the proposed takeover of United States Steel by Japan’s Nippon Steel. Watch "Wall Street Week" Fridays at 6pm ET https://t.co/LdWWugz4Sb https://t.co/bFjQvShUtu
"This is a test for the Biden administration," says Former Treasury Secretary @LHSummers of the proposed takeover of United States Steel by Japan’s Nippon Steel. Watch "Wall Street Week" Fridays at 6pm ET https://t.co/ib4c109196 https://t.co/ohIjnJFpyn
"This is a test for the Biden administration," says Former Treasury Secretary @LHSummers of the proposed takeover of United States Steel by Japan’s Nippon Steel. Watch "Wall Street Week" Fridays at 6pm ET https://t.co/Hg4IFJ1Mf9 https://t.co/O6bJQC9ep7
Former Treasury Secretary Lawrence Summers said there’s no national-security justification for questioning the proposed takeover of US Steel by Japan’s Nippon Steel https://t.co/uEJ18VjRbE
Is a storm brewing with Japanese companies seeking to acquire American companies? @davidfaber @carlquintanilla & @jimcramer discuss why it's less so a tidal wave and more so a riptide, as well as the broader implications for the M&A pipeline. https://t.co/k9jPYsdp5a
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
US Steel deal: A national security review will be the locus of this struggle, a case study in how chief executives angling for mega-mergers are forced to contend with increasingly vocal stakeholders at odds with one another, writes @JMAGuilford https://t.co/lhRU5gFBwf
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