Biden to Decide on US Steel Takeover After Panel Deadlocks
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Nippon Steel's $12.3 billion acquisition of US Steel faces potential blockage as a US national security panel deadlocks, leaving the decision to President Biden, who has shown opposition to the deal.
December 26, 2024 | 10:00 pm
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US Steel's acquisition by Nippon Steel is in jeopardy after a US national security panel deadlocked, leaving the decision to President Biden, who opposes the deal.
The deadlock in the national security panel and President Biden's opposition suggest a high likelihood of the acquisition being blocked, negatively impacting US Steel's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100