Biden rejects Nippon Metal’s proposal to procure US Metal

Biden rejects Nippon Metal’s proposal to procure US Metal

WASHINGTON (AP) .- President Joe Biden rejected the proposed deal for Eastern corporate Nippon Metal to procure Pittsburgh-based US Metal for just about $15 billion, reaffirming a promise he made in March to dam the purchase. “We want primary American firms that constitute the vast majority of The united states’s metal manufacturing capability to proceed … Read more

US Steel shareholders approve $14.9 billion purchase by Nippon Steel

US Steel shareholders approve .9 billion purchase by Nippon Steel

TOKYO: U.S. Steel ( Despite this, the merger was taken one step closer to completion. The deal escalates. US Steel said more than 98% of the votes were in favor of the deal under which Nippon would pay $55 per share, an amount that represented a huge premium when the acquisition was announced in December. … Read more