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Published 25 days ago

Biden Vows to Block Foreign Acquisition of Iconic American Company - The Florida Capital Star

Summary by Florida Capital Star
by Will Kessler   President Joe Biden promised on Wednesday to block the acquisition of U.S. Steel by a Japanese competitor in remarks to a crowd in Pittsburgh, Pennsylvania, made up of unionized steelworkers. The Japanese Nippon Steel Corporation, the fourth-largest steel producer, first announced that it would be acquiring U.S. Steel in December for around $14.9 billion after turning down other offers, including from American steel company Cle…

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Florida Capital StarFlorida Capital Star

Biden Vows to Block Foreign Acquisition of Iconic American Company - The Florida Capital Star

by Will Kessler   President Joe Biden promised on Wednesday to block the acquisition of U.S. Steel by a Japanese competitor in remarks to a crowd in Pittsburgh, Pennsylvania, made up of unionized steelworkers. The Japanese Nippon Steel Corporation, the fourth-largest steel producer, first announced that it would be acquiring U.S. Steel in December for around $14.9 billion after turning down other offers, including from American steel company Cle…

25 days ago
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