Nippon Steel Extends US Steel Acquisition Deadline as Biden Weighs Block

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 24 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 51%

Business Noticias

Mergers And Acquisitions,Steel Industry,Foreign Investment

Nippon Steel has pushed back the closing date for its acquisition of U.S. Steel to the first quarter of 2025, from a previous target of late 2024. The decision comes as President Joe Biden considers whether to block the deal, citing concerns about foreign ownership of the company.

Nippon Steel extended the closing date for its acquisition of U.S. Steel as President Joe Biden decides whether to block the deal.Investors hope stocks will close the holiday shortened week strong. While trading has been sparse, the three major U.S. averages have all climbed this week. Thehas jumped 2.3%. It follows stronger performance for the tech-heavy index throughout the month. The Nasdaq has gained 4.2% so far in December, versus a 0.1% increase for the S&P and 3.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklythis holiday season, according to a LendingTree survey. The average balance among those people was $1,181, up from $1,028 in 2023. Starting early to pay down debt and renegotiating interest rates are among the ways to chip away at holiday debt.-Spirit merger was blocked, Spirit filed for bankruptcy protection and a tech meltdown affected days of travel.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 545. in ES
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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.
Fuente: mining - 🏆 449. / 53 Leer más »