X241227P29000
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United States Steel Newsroom
Japan Iron & Steel has urged Biden to approve the United States Steel acquisition proposal, claiming that the Trade has received widespread support.
The President of Nippon Steel, Masamichi Imai, stated on Wednesday that the company's plan to acquire United States Steel has received widespread support in the region where the steelworks are located; The Cfius submitted its final report to Biden on Monday afternoon, stating that it had failed to reach a consensus on whether the Trade posed any risks. This means that the approval of the Trade will be entirely up to Biden, who will have 15 days to make a decision.
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United States Steel (X.US) acquisition proposal receives support from factory officials, and the president of Nippon Steel urges Biden to approve the Trade.
Tadashi Imai, the president of Nippon Steel, stated on Wednesday that its proposal to acquire United States Steel has received support in the regions where the United States Steel factories are located.
Express News | Nippon Steel President: There Is a Considerable Spread of Support for the Deal in Regions Where US Steel Mills Are Located
Express News | Nippon Steel President: Our Deal Will Strengthen US Steel and Protect Jobs of Their Employees
Express News | Nippon Steel President: Believe We Will Be Able to Get Approval From US President Biden on Our Acquisition of U.S. Steel if He Recognises Intrinsic Value of the Deal
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BMO Capital has lowered the Target Price for United States Steel to $40.
BMO Capital: The Target Price for United States Steel has been lowered from $43 to $40, maintaining an "outperform" rating. (Gelonghui)
Nippon Steel's U.S. Steel Acquisition Plan Referred to Biden for Review -- Update
Express News | United States Steel : Were Notified by Cfius That Committee Was Unable to Reach a Consensus on the Transaction Between U. S. Steel and Nippon Steel
Express News | Nippon Steel Says It Has Been Informed by Cfius That the Committee Has Referred Decision on Its Bid for U.S. Steel to Biden
Express News | White House Spokesperson: We Received the Cfius Evaluation and the President Will Review It