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Published 17 days ago

US Steel shareholders approve takeover by Japan’s Nippon Steel opposed by Biden administration

  • U.S. Steel shareholders approved Japan's Nippon Steel acquisition, valuing at $14.9 billion, despite Biden's opposition.
  • Nippon pledged to keep all jobs, uphold agreements, and relocate U.S. Headquarters to Pittsburgh. The Justice Department opened an antitrust investigation.
  • The deal faces regulatory scrutiny, including CFIUS review. Concerns over national security prompted opposition from U.S. Lawmakers.
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Associated Press NewsAssociated Press News

US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administration

U.S. Steel shareholders have overwhelmingly approved the firm’s sale to Nippon Steel of Japan for $14.1 billion in cash, voicing unequivocal support for a combination that has drawn opposition from

18 days ago·United States
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abc Newsabc News

US Steel shareholders approve takeover by Japan's Nippon Steel

U.S. Steel shareholders overwhelmingly approved the firm’s sale to Nippon Steel of Japan for $14.1 billion in cash, voicing unequivocal support for a combination that has drawn opposition from the Biden administration on economic and national security ...

18 days ago·United States
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Channel News AsiaChannel News Asia

US Steel shareholders give greenlight to Nippon Steel's $14.9 billion takeover bid

U.S. Steel shareholders voted in favor of the proposed $14.9 billion acquisition by Japan's Nippon Steel, moving the merger closer to completion while the deal faces regulatory scrutiny and political opposition.Nippon's proposal to buy U.S. Steel has been opposed by several U.S. lawmakers on national secu

18 days ago·Singapore
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The HillThe Hill

US Steel shareholders approve Nippon buyout despite political opposition

U.S. Steel shareholders approved a $14.9 billion acquisition by Japan’s Nippon Steel Friday, despite opposition from the Biden administration, steelworkers and congressional lawmakers. “#USSteel is pleased to report that, based on the preliminary vote count, 98 % of stockholders voted to approve our proposed merger with Nippon Steel,” U.S. Steel said in a post to…

18 days ago·Washington, United States
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WPLGWPLG

US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administration

U.S. Steel shareholders have overwhelmingly approved the company's sale to Nippon Steel of Japan for $14.1 billion in cash, voicing unequivocal support for a combination that has drawn opposition from the Biden administration on economic and national security grounds.More than 98% of the shares voted at a special investor meeting Friday approved the takeover, according to a preliminary count of ballots announced by Pittsburgh-based U.S. Steel. T…

18 days ago·Miami, United States
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Boston HeraldBoston Herald

Ticker: Bakery outlets close across New England; US Steel shareholders approve takeover by Japan’s Nippon Steel opposed by Biden administration

The company that produces baked goods for brands including Arnold bread, Entenmann’s and others has closed 28 outlet stores in the Northeast. Bimbo Bakeries USA said in a press release that its products still will be found on grocery store shelves. The company’s brands also include Boboli, Lender’s Bagels, Sara Lee and Thomas. The closed stores included outlets in New York, Maine, Vermont, Massachusetts, Connecticut and New Hampshire. US Steel s…

18 days ago·Boston, United States
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