Reported 3 days ago
US President Joe Biden is expected to announce a decision regarding Nippon Steel Corp.’s proposed $14.1 billion acquisition of US Steel Corp. as early as Friday, amid indications of his opposition to the deal. The transaction has drawn attention due to criticism from the United Steelworkers union, and Nippon Steel has offered concessions, including granting the US government an effective veto over production capacity reductions at US Steel. Biden has been consulting with advisers and must make a decision by early next week.
Source: YAHOO