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BREAKING: Biden Blocks $14.9B U.S. Steel-Nippon Deal

Gunnar Larson

3 Jan 2025 3 Jan '25
2:08 p.m.

BREAKING: Biden Blocks $14.9B U.S. Steel-Nippon Deal <https://www.law360.com/competition/articles/1876516?nl_pk=6e763a2a-9f82-44c1-ad37-dbb872fe3785&utm_source=newsletter&utm_medium=email&utm_campaign=competition&utm_content=1876516&read_main=1&nlsidx=0&nlaidx=0> By Al Barbarino President Joe Biden on Friday formally blocked the planned $14.9 billion merger between Japan's Nippon Steel and U.S. Steel, making good on a prior pledge to keep the latter steelmaker U.S.-owned in one of his final flexes of executive power over cross-border deals. Read full article » <https://www.law360.com/competition/articles/1876516?nl_pk=6e763a2a-9f82-44c1-ad37-dbb872fe3785&utm_source=newsletter&utm_medium=email&utm_campaign=competition&utm_content=1876516&read_more=1&nlsidx=0&nlaidx=0> | Save to favorites » <https://www.law360.com/competition/articles/1876516?nl_pk=6e763a2a-9f82-44c1-ad37-dbb872fe3785&utm_source=newsletter&utm_medium=email&utm_campaign=competition&utm_content=1876516&read_later=1&nlsidx=0&nlaidx=0>

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