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Biden Administration Extends Review Period for Nippon Takeover of U.S. Steel
U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
US Steel CEO Confident Nippon Deal Will Succeed Despite Biden Opposition: 'We Live By A Code'
US Steel CEO confident in potential merger with Japan's Nippon Steel, despite Biden administration's opposition. Deal could close at $55/share.
US Steel CEO confident Nippon Steel deal will close 'on its merits'
U.S. Steel CEO David Burritt said on Tuesday he was confident Nippon Steel's $14.9 billion bid for his company would "close on its merits," despite political opposition and concerns raised in a national security review.
U.S. Steel, Nippon get extension from national security panel on deal decision
The U.S. national security panel reviewing a $14.9 billion sale of U.S. Steel to a Japanese firm has extended its decision deadline, likely ensuring the proposal will live past the Nov. 5 election. Several outlets have reported the Committee on Foreign Investment in the United States,
Nippon Steel Gets More Time for U.S. Steel Deal Review
A decision on the national security review is potentially pushed out until after November’s presidential vote.
Nippon Steel to Get Extension, Pushing Deal Review Past US Election
A US security panel has granted Nippon Steel Corp. permission to refile its plans to purchase United States Steel Corp., for $14.1 billion, likely pushing a decision on the politically contentious takeover past the US elections in November,
US decision on Nippon bid for US Steel pushed back to after Nov election, sources say
By Jeff Mason, Alexandra Alper and Katya Golubkova WASHINGTON/TOKYO (Reuters) -The U.S. national security panel reviewing Nippon Steel's $14.9 billion bid for U.S. Steel let the companies refile their application for approval of the deal,
Japan’s Nippon Steel gets 3 month reprieve as Washington pushes review of U.S. Steel bid past the election
President Joe Biden, Democratic nominee Kamala Harris and Republican nominee Donald Trump all oppose Nippon Steel's $14.9 billion takeover bid for U.S. Steel.
US delays decision on Nippon Steel’s $15bn bid for US Steel
The US government has extended its national security review of Nippon Steel’s proposed $15bn acquisition of US Steel, in a surprise move given that the deal had been opposed by Joe Biden and Kamala Harris.
The Business Journals
1d
U.S. Steel CEO David Burritt optimistic deal will be struck with Nippon Steel
The companies want to close the transaction by the end of the year. It was announced in December 2023. United States Steel Corp. CEO
David
Burritt
on Thursday voiced optimism that the $14.9 ...
Zacks.com on MSN
1h
U.S. Steel Projects Strong Q3 Despite Tubular and European Headwinds
United States Steel Corporation X issued its guidance for third-quarter 2024. The company expects adjusted net earnings per ...
Automotive News
2d
U.S. Steel CEO ‘extraordinarily confident' Nippon deal will close despite political scrutiny
U.S. Steel CEO David Burritt expressed confidence the proposed acquisition of the storied U.S. company by Japanese steelmaker ...
3d
U.S. Steel CEO discusses Nippon merger in Detroit. Here's what he said
Automakers support the deal because in their eyes it will increase supply and offer price competition for the steel they use ...
The Times of Northwest Indiana
22h
U.S. Steel expects to bring in $300 million in EBITDA in the third quarter
U.S. Steel expects to bring in $300 million in earnings before interest, taxes, depreciation or amortization or EBITDA in the ...
1d
U.S. Steel’s stock up 2% after offering strong guidance and confidence Nippon deal can close by year-end
United States Steel Corp.’s stock rose 2.2% early Thursday after the company updated third-quarter guidance and said it’s ...
Investopedia on MSN
2d
Nippon Steel Reportedly Gets Extension To Provide Plans for US Steel Takeover
Company Chief Executive Officer (CEO)
David
Burritt
said in an interview earlier this month that U.S. Steel needs the ...
7d
Some US Steel appeal would survive busted deal
Insufficient heat can interrupt the welding process, but U.S. Steel’s problem has been too much of it. Fiery nationalistic ...
Mining
2d
White House says review of Nippon Steel’s proposed purchase of US Steel ongoing
A source told Reuters this week that the US national security panel reviewing Nippon Steel's $14.9 billion bid.
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