US blocks Nippon Steel's bid to purchase U.S. Steel
ReutersJan 3, 2025 1:05 PM
WASHINGTON, Jan 3 (Reuters) - U.S. President Joe Biden on Friday followed through on his pledge to block Nippon Steel's 5401.T $14.9 billion bid for U.S. Steel X.N, citing concerns the deal could hurt national security.
(Reporting by Alexandra Alper, Editing by Rosalba O'Brien)
((Chris.Sanders@thomsonreuters.com; +1 202-558-8254; Reuters Messaging: chris.sanders.reuters.com@reuters.net))
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