News & Insights Across Asia
Japan’s PM Shigeru Ishiba urged U.S. President Joe Biden to ease concerns over Nippon Steel’s planned acquisition of U.S. Steel, emphasizing the importance of investment confidence for economic security.
The Biden administration has delayed until June 2025 an order for Nippon Steel to abandon its $14.9 billion bid for U.S. Steel, giving the companies time to revive the politically contentious deal.
Japan’s Nippon Steel and U.S. Steel have sued the Biden administration after their proposed $14.9 billion merger was blocked on national security grounds.
Japan’s Nippon Steel and U.S. Steel have sued President Biden over the blocked $15 billion merger, alleging illegal interference. Analysts warn the move may deter global investments in the U.S.
Japanese steel giant Nippon Steel vows to continue its pursuit of U.S. Steel’s acquisition, challenging President Biden’s order blocking the deal and filing lawsuits against the U.S. government and rivals.
Nippon Steel and U.S. Steel have filed lawsuits against the Biden administration, accusing it of illegal interference in their proposed merger after the U.S. blocked the acquisition for political reasons.
U.S. President Joe Biden’s move to block Japan’s Nippon Steel from acquiring U.S. Steel raises questions about the complexities of global alliances and the safeguarding of strategic industries.
Nippon Steel has filed a lawsuit against the U.S. government after President Joe Biden blocked its acquisition of U.S. Steel, with accusations of political motivations.
President Biden has blocked Nippon Steel’s $14.9 billion acquisition of U.S. Steel Corp., citing national security and supply chain concerns, halting a major foreign takeover of an American steel producer.