U.S. Steel Shares Fall as Biden Prepares to Block Sale to Nippon Steel
Shares for the United States Steel Corporation fell as President Joe Biden is reportedly planning to block Japan’s Nippon Steel Corporation from purchasing the company.
Shares for the United States Steel Corporation fell as President Joe Biden is reportedly planning to block Japan’s Nippon Steel Corporation from purchasing the company.
Former President Donald Trump promised to block Japan’s Nippon Steel Corporation from buying the United States Steel Corporation.
Nippon Steel said Friday it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation related to the deal.