Nippon Steel's $14.1 billion U.S. Steel takeover faces likely failure due to President Biden's opposition.

Nippon Steel's $14.1 billion bid to take over U.S. Steel is likely to fail due to opposition from U.S. President Joe Biden, who plans to block the acquisition. This deal was intended to boost Nippon Steel's production capacity and reduce reliance on the Japanese market. With the takeover facing political hurdles, Nippon Steel may now explore other growth opportunities, such as expanding in India or pursuing legal actions.

3 months ago
31 Articles