President-elect Donald Trump has also expressed strong opposition to Japanese ownership of infrastructure giant.
Japan Prime Minister Shigeru Ishiba asked U.S. President Joe Biden to allay concerns in the Japanese and U.S. business communities over the status of Nippon Steel’s 5401.T planned acquisition of U.S.
June, was viewed by U.S. Steel and investors as an opportunity for the companies to complete the acquisition, even though Trump also opposes the deal.
Activist investor Ancora Holdings wants US Steel (NYSE:X) to scuttle its planned more than $14 billion sale to Nippon Steel (OTCPK:NPSCY) after it was blocked by former President Joe Biden. The activist also wants US Steel (NYSE:X) to oust CEO David Burritt and drop a lawsuit that's trying to salvage its sale to Nippon Steel (OTCPK:NPSCY),
If I am Donald Trump, how am I going to rebuild the military if I have less steel and steeper costs for steel imports than my predecessor?
The trial for Nippon Steel Corp.'s lawsuit seeking to nullify U.S. President Joe Biden's decision to block its $14.1 billion takeover
TOKYO (Reuters) - The hearing for a lawsuit that Nippon Steel and U.S. Steel brought against U.S. President Joe Biden's administration is scheduled for February and March, Kyodo news agency reported on Monday, without citing sources.
Another Joe from Delaware—the one finishing up his final days in the White House—apparently sees himself in the same light, having stepped in to nix a $15 billion deal between U.S. Steel and Japan’s Nippon Steel.
The activist investor also intends to rally shareholders around a plan to oust US Steel’s top boss David Burritt, says a Wall Street Journal report.
Last week, Nippon Steel and U.S. Steel filed two lawsuits after U.S. President Joe Biden blocked a $14.9 billion buyout of the American steelmaker by the Japanese firm. President-elect Donald Trump takes office on Monday.
Appealing to Donald Trump's penchant for business dealmaking could provide a lifeline for Nippon Steel Corp.'s seemingly doomed $14.1
In these final actions of his presidency, Biden is asserting his domestic and foreign-policy principles before Trump takes charge.