Express News | Former President Trump will reiterate his commitment to block Nippon Steel's plan to purchase united states steel at a rally in Pennsylvania.
Express News | Trump to Reiterate Pledge to Block Nippon Steel's Planned Purchase of U.S. Steel at Pennsylvania Rally - Speech Excerpts
Biden reaffirmed his position, still hoping that united states steel will be controlled by Americans.
September 29th, Gelonghui|Regarding Nippon Steel's plan to invest 14.9 billion US dollars to acquire United States Steel, President Biden stated that he has not changed his view on the deal, hoping that the control of United States Steel will remain in American hands. Biden and Vice President Harris have both expressed their desire for United States Steel to be owned by Americans. Earlier reports suggested that the Committee on Foreign Investment in the United States (CFIUS), responsible for reviewing the deal, was inclined to inform both companies that the deal would not be approved on national security grounds. However, CFIUS subsequently announced an extension of the review period, with a decision on the deal to be made after the November presidential election.
Biden Says He Hasn't Changed His Stance On US Steel
Express News | President Biden: The United States does not understand nor participate in the (Israeli) attack on Beirut. There has been no change in the position regarding the sale of United States Steel Company.
Stocks anomaly | United States Steel falls more than 2.3%. The United Steelworkers still hold a negative attitude towards the acquisition.
Gelonghui September 26th | United States Steel (X.US) fell more than 2.3%, closing at $37.33. On the news front, on Wednesday, the arbitration committee ruled in favor of Nippon Steel's $14.9 billion acquisition of the company, but the United Steelworkers (USW) disagreed with this decision. The arbitration committee, jointly selected by the company and the union, ruled that United States Steel has met all the conditions of the succession clause in the basic labor agreement (BLA) signed with USW. However, the union stated that this decision did not change its opposition to the agreement.
Mergers and acquisitions globally increased by 14% before the usa election, but cautious sentiment prompted the slowing of merger and acquisition pace in the usa.
Global M&A transaction volume increased by 14%, reaching 846.8 billion USD, but the scale of M&A transactions in the usa decreased by 8% compared to the same period last year; while the transaction size in the Asia-Pacific region surged by 54%.
Nippon Steel's $14.9 billion acquisition of United States Steel (X.US) has been supported by the arbitration committee.
United States Steel stated on Wednesday that the arbitration panel has ruled in favor of Nippon Steel's $14.9 billion acquisition of the company, but the United States Steelworkers' Union (USW) disagrees with this decision.
Express News | japan steel President: intention to complete the acquisition of united states steel by the end of the year remains unchanged.
Express News | Nippon Steel President: No Change to Intention to Complete U.S. Steel Acquisition by End of Year
Express News | Nippon Steel President: True That Cfius Review Has Been Extended to End-December
U.S. Steel: Arbitration Board Rules in Favor of Nippon Steel Buyout
Express News | Nippon Steel: We Remain Focused on Forging Productive Relationship With the Usw
Express News | Nippon Steel: Pleased to Hear From US Steel That the Panel of Neutral Arbitrators Found That Nippon Steel Has Complied With the Requirements Outlined in the Basic Labor Agreement Between US Steel and the United Steelworkers
VP Harris Says We Will Offer Tax Credits For Expanding Good Steel And Iron Manufacturing Investment; Says She Wants To Prioritize Investments In Strengthening Factory And Retooling Existing Factories
Arbitrators Rule Against Union's Objections to U.S. Steel Sale -- WSJ
U.S. Steel (X.US) stated that the arbitration ruling is favorable to Japan Steel's acquisition trade.
United States Steel (X.US) stated on Wednesday that the arbitration committee has made a favorable ruling on the acquisition of a Japanese steel company, but the United States Steelworkers Union disagrees with the decision. The committee, selected jointly by the company and the union to resolve disputes, ruled that United States Steel met every condition in its basic labor agreement with the union. The union stated that the arbitrator superficially accepted the statement of the Japanese steel company that it will comply with the Basic Labor Agreement, emphasizing that the decision did not change their opposition to the trade.
Express News | Usw:"Nippon's Commitment to Our Facilities and Jobs Remains Uncertain as Ever"
Express News | Usw- We Disagree With Result of Board of Arbitration's Decision Over Grievances Against U.S. Steel
US Steel: No Further Action Necessary Under BLA for Nippon Steel to Acquire US Steel, Assume All USW Agreements in Line With Its Commitments >X