Reported 1 day ago
Nippon Steel's growth strategy may need a rethink after U.S. President Biden blocked its $14.9 billion acquisition of U.S. Steel due to national security concerns. While shares fell slightly following the announcement, analysts suggest the company's earnings outlook remains positive for the upcoming financial year. Nippon Steel is considering legal action against the U.S. government for how the acquisition was handled and plans to hold a press conference to address the situation.
Source: YAHOO