Loading...
Nippon Steel has announced its intention to acquire U.S. Steel for approximately $15 billion, a move that the Japanese firm believes is crucial for making the American company more competitive. The acquisition, which has been agreed upon for roughly $15 billion, faces significant regulatory hurdles, particularly in a U.S. election year where the White House considers steel critical to national security. President Joe Biden has expressed opposition to the deal, emphasizing the importance of keeping U.S. Steel under domestic control. Despite these challenges, Nippon Steel's new chief is committed to pushing forward with the deal, highlighting the company's 'deep roots' in the U.S. and its technological contributions, including over 2,000 patents. The acquisition is seen as a strategic move to strengthen US-Japan economic security ties and counter China's dominance in the steel-making industry.
Nippon Steel intends to pursue its proposed acquisition of U.S. Steel and wants its "deep roots" in the United States to be recognized, its new president said — remarks that come after U.S. President Joe Biden expressed opposition to the deal. https://t.co/xthB9kMw15
Nippon Steel’s acquisition of US Steel would strengthen US-Japan economic security ties and help counter China’s dominance in steel-making, according to a senior Japanese lawmaker https://t.co/C2A1bUhiNp
Nippon Steel’s acquisition of US Steel would strengthen US-Japan economic security ties and help counter China’s dominance in steel-making, according to a senior Japanese lawmaker https://t.co/Pj41U3BngD
Nippon Steel’s new president says he’s committed to U.S. Steel acquisition https://t.co/kAHfHqjeI4
Nippon Steel Emphasizes Its ‘Deep Roots’ in the US as It Pursues U.S. Steel Deal https://t.co/GvaE4vPIR5
Nippon Steel touts tech it can bring to U.S. Steel, vows to push ahead with $14.1 billion acquisition: "We have over 2,000 patents." https://t.co/erEjwDfDDc
Nippon Steel emphasizes its ‘deep roots’ in the US as it pursues U.S. Steel deal https://t.co/VTNDtxM4ZS
🇯🇵🇺🇸 The Japanese firm has agreed to buy U.S. Steel for roughly $15 billion but the deal faces an uphill battle to approval in a U.S. election year. The White House sees steel as critical to national security and Biden said last month that U.S. Steel should remain domestically… https://t.co/xg7ygcEtdx
Nippon Steel emphasises its 'deep roots' in the US as it pursues U.S. Steel deal https://t.co/kSG5kTdUkK https://t.co/VfsA1BWyZf
Nippon Steel’s new chief has pledged to press on with the $14.1 billion acquisition of US Steel, a deal that he says is vital to making the American company more competitive https://t.co/xIzgeDQA5S
⚠️ NIPPON STEEL EMPHASISES ITS 'DEEP ROOTS' IN THE US AS IT PURSUES U.S. STEEL DEAL Full Story → https://t.co/LDnR5HN51u https://t.co/baJQ5PLdZl