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Nippon Steel's deal for US Steel closes

Nippon Steel's $14.9 billion acquisition of US Steel closed today, the companies said, confirming an unusual degree of power for the Trump administration after the Japanese company's 18-month struggle to close the purchase.

Business • 18 Jun

US President Donald Trump initially opposed Nippon Steel's takeover plan, but announced his support of a 'partnership' in May

US Steel, Nippon Steel partnership deal approved

US President Donald Trump signed an executive order approving a partnership between US Steel and Nippon Steel after the companies reached agreement on US national security guarantees.

US • 14 Jun

Shares in US Steel shot up nearly 14% yesterday, as investors took it to mean the US administration was considering approving the merger with Nippon Steel

Trump orders review of Nippon Steel's bid for US Steel

US President Donald Trump has directed a US national security panel to take a fresh look at Nippon Steel's bid for US Steel to help determine if "further action" is appropriate, raising hopes that the deal could gain an elusive green light.

Business • 08 Apr

Nippon's pursuit of US Steel has stretched on for more than a year

Nippon Steel considering bold revision to US Steel buyout

Japan's Nippon Steel is considering proposing a bold change in plan from its previous approach of seeking to buy US Steel, Chief Cabinet Secretary Yoshimasa Hayashi said today, though the company declined to comment.

Business • 10 Feb

US President Joe Biden had criticised the $14.9 billion deal for months

Nippon Steel, US Steel file suit against Biden's block

Nippon Steel and US Steel filed suit today over President Joe Biden's decision to block the Japanese giant's proposed acquisition of its American rival, accusing his administration of "illegal interference" in the huge transaction.

Business • 06 Jan

Biden blocks US Steel sale to Japanese buyer

US President Joe Biden has officially blocked Nippon Steel's proposed $14.9-billion purchase of US Steel, dealing a probably fatal blow to the contentious merger plan after a year of review.

Business • 03 Jan

Nippon Steel's attempt to buy US Steel is likely to become a hot topic in the upcoming US Presidential Election

Biden voices opposition to Nippon's US Steel takeover

US President Joe Biden has said he is against the proposed sale of US Steel to Japan's Nippon Steel, as election year considerations appeared to outweigh the risk of angering key ally Japan.

Business • 14 Mar 24

US Steel's Great Lakes Steel plant in Michigan

Nippon Steel to buy US Steel in $14.9 billion deal

Japan's Nippon Steel has today clinched a deal to buy US Steel for $14.9 billion in cash, prevailing in an auction for the 122-year-old iconic steelmaker over rivals including Cleveland-Cliffs and ArcellorMittal.

Business • 18 Dec 23

Nippon Steel