President Biden has blocked the proposed merger of U.S. Steel with a Japanese company, citing national security concerns. The Committee on Foreign Investment in the United States (CFIUS) had failed to reach a consensus on the deal's potential risks last month. The decision comes just weeks before Biden's presidency ends and could potentially strain relations between the U.S. and Japan. Biden had previously opposed the deal in March, citing concerns about job security and labor agreements.
He stated that it was important to maintain strong American steel companies and that U.S. Steel should remain a domestically owned and operated entity
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Nippon Steel-US Steel Merger Referred to Biden for DecisionThe potential merger between Nippon Steel and US Steel has been sent to President Joe Biden for a final decision after a deadlock in the CFIUS review.
مصدر: mining - 🏆 449. / 53 اقرأ أكثر »
CFIUS Report on US Steel-Nippon Steel Merger Sent to BidenCFIUS report on the proposed merger of U.S. Steel and Nippon Steel leaves the decision in President Biden's hands. Biden, who opposes the deal, has 15 days to make a final decision.
مصدر: ABC7Chicago - 🏆 284. / 63 اقرأ أكثر »
Biden Blocks Nippon Steel's Acquisition of U.S. SteelPresident Biden rejected Nippon Steel's bid to acquire U.S. Steel, citing national security concerns. The Committee on Foreign Investment in the United States (CFIUS) feared that the deal could lead to reduced steel production, potentially harming industries vital to national security. Despite strong support from U.S. Steel shareholders, Biden's decision reflects his long-standing opposition to the deal.
مصدر: NBCPhiladelphia - 🏆 569. / 51 اقرأ أكثر »
Biden Blocks Nippon Steel's US Steel AcquisitionPresident Biden blocked Nippon Steel's proposed acquisition of U.S. Steel, citing national security concerns. The Committee on Foreign Investment in the United States (CFIUS) was worried that the deal could lead to reduced production capacity at U.S. Steel, potentially causing supply shortages and delays affecting critical industries. Despite U.S. Steel's assurances regarding its headquarters and board composition, Biden ultimately rejected the deal.
مصدر: NBCLA - 🏆 319. / 59 اقرأ أكثر »