Nippon

Steel Shareholders Approve $14.9 Billion Nippon Buyout: What This Means for U.S. Steel Industry

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Pittsburgh, Pennsylvania – Shareholders of U.S. Steel have approved a $14.9 billion buyout by Nippon Steel, a Japanese company. The deal marks a significant move in the steel industry, with the approval coming amidst some public protests and demands for transparency. The acquisition of U.S. Steel by Nippon Steel was met with mixed reactions from stakeholders. While shareholders voted in favor of the merger, there were concerns raised by social activists about the lack of …

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**Steel Industry Shake-Up: Biden Opposes $14 Billion U.S. Steel Acquisition by Nippon Steel**

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Washington, D.C. – Nippon Steel’s $14.9 billion acquisition of U.S. Steel faces opposition from President Biden and scrutiny from unionized steelworkers, as the deal promises no layoffs or plant closures. In a statement by Japan-based Nippon Steel, the company assured that the acquisition would not lead to any job losses or factory shutdowns. The proposal, announced in December, aimed to alleviate concerns from President Biden and the United Steelworkers union about the impact on workers. …

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Steelworkers Union Demands Action on Biden’s Concerns with Nippon Steel-US Steel Deal, Says Source

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WASHINGTON — President Joe Biden is reportedly planning to voice concerns over Nippon Steel’s recent acquisition of a significant stake in U.S. Steel. The deal has raised eyebrows in the steel industry and among labor unions, prompting calls for closer scrutiny. The proposed Japanese purchase of U.S. Steel has sparked worries among American steelworkers about potential job losses and changes in labor conditions. The Steelworkers Union has raised labor demands in response to the deal, …

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Steel industry in turmoil as Biden expresses concern over Nippon Steel’s $14.9 billion U.S. Steel purchase

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Washington, D.C. – President Joe Biden is gearing up to voice his apprehensions regarding Nippon Steel’s proposed $14.9 billion acquisition of U.S. Steel. A source familiar with the matter revealed that this stance by Biden has caused a 12% drop in U.S. Steel’s stock as concerns mount over potential political opposition to the deal. Nippon Steel secured a deal in December to purchase the long-standing U.S. Steel, banking on the infrastructure bill’s spending and tax …

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Steel Showdown: Biden’s Bold Move Against Nippon Steel’s Deal Threatens US Steel Acquisition

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Washington, D.C. – President Joe Biden is set to weigh in on the proposed acquisition of US Steel by Nippon Steel, a move that could potentially disrupt the deal and strain relationships with Japan. The statement, expected to be released before Japanese Prime Minister Fumio Kishida’s visit to Washington on April 10, expresses deep concerns about the $14.9 billion deal. US officials and legal experts have been involved in crafting the statement, which has stirred …

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