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...Three US senators have voiced concern about Nippon Steel’s business ties in China, opening a new front in a political effort to stop the Japanese group from completing its proposed $14.9bn acquisition of...
...The biggest attempt to date came in December, with Nippon Steel launching an $15bn all-cash bid for US Steel....
...“Except for the inauguration of a couple of projects, such as JSW’s steel plant, it remains only a promise of investment so far.”...
...Steel has none of the sensitivities of high-tech social media; US Steel is not a direct supplier to the military....
...The labour union’s base provided a fitting backdrop for the president to announce a push for higher tariffs on imported Chinese steel....
...On Thursday, President Joe Biden threw cold water on Nippon Steel’s pending $15bn acquisition for US Steel, once a national icon. He said US-steel should remain American....
...Trump said it was a “horrible thing” that US Steel might be sold to a foreign entity. “We saved the steel industry, now US Steel is being bought by Japan,” Trump added. “It’s so terrible.”...
...Joe Biden plans to intervene in Nippon Steel’s proposed purchase of US Steel, a move that could threaten the deal and anger Japan, one of Washington’s closest allies....
...Nippon Steel is not a member....
...The writer is director of economic policy studies at the American Enterprise Institute Nippon Steel and US Steel reached a deal in December for the Japanese steelmaker to acquire its iconic US competitor...
...On Monday, Fetterman released a video on X, with a US Steel plant near his home in the background, saying it was “absolutely outrageous that they have sold themselves to a foreign nation and company....
...A Cleveland-Cliffs/US Steel combination would have created a US national champion....
...Nippon Steel has agreed to buy US Steel in a $14.9bn deal, as the Japanese group targets the American market with its largest-ever acquisition....
...Jon Fetterman, a Democratic senator from Pennsylvania, has also vowed to stop a sale. The Japanese company has agreed to pay $55 a share for US Steel....
...In today’s newsletter: Kirkland & Ellis confronts a dealmaking slowdown The PE dealmaker who’s everywhere right now KKR jumps on a deal Carlyle snubbed QE+PE= K&E Chicago law firm Kirkland & Ellis has...
...On Monday, the Pittsburgh icon US Steel announced it had reached a deal to sell itself to Japan’s Nippon Steel at a total enterprise value of $15bn....
...Satellite images reviewed by the Financial Times and analysed by military experts revealed a multi-layered Russian network of anti-tank ditches, mazes of trenches, concrete “dragon’s teeth” barricades, steel...
...Activist investor Cevian Capital has taken a €1.2bn stake in UBS, and Nippon Steel has agreed to buy US Steel in a $14.9bn deal....
...India’s biggest steel producer JSW and Chinese carmaker SAIC Motor on Wednesday launched a $1.5bn joint venture to build and sell MG-brand electric vehicles in the world’s most populous country....
...A top executive at Kakao has been arrested for alleged stock price manipulation during the South Korean internet giant’s heated acquisition battle for K-pop agency SM Entertainment this year....
...Khamenei controls the Islamic Revolutionary Guard Corps and has helped transform them into Iran’s most formidable institution....
...ONE was formed in 2018 through the merger of the container businesses of Japan’s NYK Line, K Line and Mol. Container ships mostly carry manufactured goods in steel boxes....
...Environmental advocates argue that retrofitting old buildings should be the preferred option to make best use of emission-intensive materials such as glass, steel and concrete in existing structures....
...A $14.9bn deal gets thwarted by the White House Nippon Steel’s largest-ever acquisition — a proposed $14.9bn deal to buy US Steel — is melting away....
...government funding for chip manufacturing, which was passed by Congress in 2022, is part of Biden’s sweeping agenda to revitalise domestic manufacturing in areas ranging from clean energy to semiconductors and steel...
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