Tag: takeover

  • Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon

    Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon

    The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year. By Alan Rappeport Reporting from Washington President Biden blocked the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement on Friday…