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United States Steel Corporation (X)

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The fight over US Steel is intensifying, and a top competitor now wants in

The fight over US Steel is intensifying, and a top competitor now wants in

One of US Steel's rivals has entered the fight over the steelmaker's sale. US Steel threatened to close its mills if Biden blocks its sale to Japan's Nippon Steel.

Businessinsider | 1 year ago
U.S. Steel Stock Still Has Value. Wall Street Is Weighing In.

U.S. Steel Stock Still Has Value. Wall Street Is Weighing In.

The average target for the stock price among analysts tracked by FactSet is about $42, while shares were at about $30 on Friday morning.

Barrons | 1 year ago
Japan's top business lobby on alert over US review of Nippon's bid for US Steel

Japan's top business lobby on alert over US review of Nippon's bid for US Steel

Japanese companies, especially those considering investing in the U.S., are closely watching Washington's review of Nippon Steel's proposed $15 billion acquisition of U.S. Steel , Japan's biggest business lobby Keidanren said on Friday.

Reuters | 1 year ago
Why U.S. Steel Stock Fell This Week

Why U.S. Steel Stock Fell This Week

The White House is reportedly preparing to block U.S. Steel's proposed acquisition by Nippon Steel. The U.S. government has the power to block transactions involving foreign buyers if national security issues are identified.

Fool | 1 year ago
Is Nippon Steel's acquisition of US Steel a real national security concern?

Is Nippon Steel's acquisition of US Steel a real national security concern?

The US government is reportedly considering blocking Japan's Nippon Steel Corp (TYO: 5401) from acquiring United States Steel Corporation (NYSE: X) for $14.1 billion, citing national security concerns. However, no clear public evidence supports this claim, according to Matthew Slaughter, Dean of Dartmouth's Tuck School of Business.

Invezz | 1 year ago
US Steel Stock Price Volatile as Biden Reportedly Prepares To Block Takeover

US Steel Stock Price Volatile as Biden Reportedly Prepares To Block Takeover

President Joe Biden intends to block the proposed $14 billion acquisition of U.S. Steel (X) by Japanese firm Nippon Steel, according to a Washington Post report, causing volatility in shares of the iconic American company.

Investopedia | 1 year ago
US Steel Could Collapse

US Steel Could Collapse

24/7 Wall St. Insights If Nippon Steel does not acquire United States Steel Corp.

247wallst | 1 year ago
Biden Expected to Block U.S. Steel Takeover

Biden Expected to Block U.S. Steel Takeover

The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan's Nippon Steel.

Nytimes | 1 year ago
U.S. Steel Shares Tank Over 20% After Reports Biden Will Block Nippon Steel Takeover

U.S. Steel Shares Tank Over 20% After Reports Biden Will Block Nippon Steel Takeover

President Joe Biden will soon block Japan-based Nippon Steel's planned $14.9 billion takeover of U.S. Steel, according to multiple outlets, sending the 123-year-old American company's stock reeling more than 20% to a low not seen since last year.

Forbes | 1 year ago
Biden preparing to block Nippon's US Steel takeover, Washington Post reports

Biden preparing to block Nippon's US Steel takeover, Washington Post reports

U.S. President Joe Biden is preparing to block Nippon Steel's acquisition of U.S. Steel, the Washington Post reported on Wednesday, citing three unnamed sources.

Reuters | 1 year ago
US Steel CEO Warns of Plant Closings, HQ Move if Nippon Steel Deal Fails

US Steel CEO Warns of Plant Closings, HQ Move if Nippon Steel Deal Fails

The CEO of U.S. Steel (X) warned that the company would have to close steel plants and likely move its headquarters from Pittsburgh if the $14.9 billion purchase of the company by Nippon Steel doesn't go through.

Investopedia | 1 year ago
US Steel will close plants, move HQ from Pittsburgh if Nippon sale fails, CEO warns

US Steel will close plants, move HQ from Pittsburgh if Nippon sale fails, CEO warns

CEO David Burritt said US Steel is banking on a $3 billion investment from Nippon to survive.

Nypost | 1 year ago
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