Nippon Steel shares up after news of US looking to block peer's acquisition

CNA

Summary

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Japan's play on a major American industry caused a massive political controversy ahead of the November presidential election, particularly in the battleground state of Pennsylvania, where U.S. Steel is based.
Daily Mail
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In December, U.S. Steel sealed a $14.9 billion agreement to sell itself to Nippon, which has promised investments to keep Pennsylvania factories competitive and newer "mini mills" in the American South.
Hürriyet Daily News
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In their written response, excerpts of which were shared with Reuters, the companies echoed concerns revealed publicly by U.S. Steel on Wednesday.
The Gazette
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The White House is signalling an openness to blocking the acquisition of U.S. Steel by Nippon Steel, as a government review of the proposed takeover by the Japanese company is on the cusp of ending.
CTV News

■ Story #18 ▪

issue 88:88 ▪

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updated 88:88

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