• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Nippon Steel makes last ditch offer to win over BIden approval for US Steel deal

by December 31, 2024
written by December 31, 2024

Investing.com — Nippon Steel is making a last-ditch attempt to win President Joe Biden’s approval for its $14.9 billion acquisition of United States Steel Corp (BVMF:USSX34), offering the U.S. government veto power over any cuts to U.S. Steel’s production capacity, The Washington Post reported Tuesday, citing a document sent to the White House on Monday.

The Japanese steelmaker’s proposal aims to address concerns raised by the Committee on Foreign Investment in the United States (CFIUS).

Last week, CFIUS warned that Nippon Steel’s takeover could lead to a decline in domestic steel output, potentially posing “risks to the national security of the United States.”

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Judge will not dismiss lawsuit claiming Poland Spring water is not from a spring
next post
Russia stocks lower at close of trade; MOEX Russia Index unchanged

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • GSK agrees to settle about 80,000 Zantac lawsuits for up to $2.2 billion
    • Seagate Q2 beats Street estimates, issues third quarter guidance

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy