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U.S. Steel's proposed $14.9 billion merger with Nippon Steel

TIMELINE-U.S. Steel's proposed $14.9 billion merger with Nippon Steel Repeats Sept 5 item to fix formatting with no changes to text Sept 5 (Reuters) - The White House is set to announce that President Joe Biden will block Nippon Steel's $14.9 billion bid for the U.S. Steel X.N citing national security concerns, two sources familiar with the situation told Reuters.
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Japan, US face shared challenge from cheap China steel, Japan PM hopeful says

Japan, US face shared challenge from cheap China steel, Japan PM hopeful says Japan, US must unite against China's cheap steel, says PM hopeful Koizumi US security panel reviews Nippon Steel's bid for U.S. Steel, decision by Sept. 23 Koizumi and Takaichi defend steel deal, stress Japan-US alliance amid election By Tim Kelly and Katya Golubkova TOKYO, Sept 14 (Reuters) - Japan and the United States should avoid confrontation about the steel industry and work together amid competition from China,
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Nippon Steel bid for U.S. Steel faces Sept. 23 review deadline, sources say

Nippon Steel bid for U.S. Steel faces Sept. 23 review deadline, sources say By Alexandra Alper, Echo Wang and Karen Freifeld WASHINGTON, Sept 13 (Reuters) - A powerful U.S. national security panel reviewing Nippon Steel's 5401.T $14.9 billion bid for U.S. Steel X.N faces a Sept. 23 deadline to recommend whether the White House should block the deal, two people familiar with the matter said.
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U.S. Steel rises on report White House signals delay in takeover decision

BUZZ-U.S. Steel rises on report White House signals delay in takeover decision ** Shares of U.S. Steel X.N rise 6.1% to $36.85 ** White House officials are hinting at a delay in President Joe Biden's move to block U.S. Steel's X.N $14.9 billion proposed takeover by Japan's Nippon Steel 5401.T , Washington Post reports ** No announcement was ever sc
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White House officials signal delay in U.S. Steel takeover decision, Washington Post reports

UPDATE 1-White House officials signal delay in U.S. Steel takeover decision, Washington Post reports Adds details from report, background throughout Sept 13 (Reuters) - White House officials have signaled a delay in taking a decision regarding the takeover of U.S. Steel X.N by Japan's Nippon Steel 5401.T , the Washington Post reported on Friday. The Committee on Foreign Investment in the United States, Nippon and U.S.
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White House officials signal delay in U.S. Steel takeover decision, Washington Post reports

White House officials signal delay in U.S. Steel takeover decision, Washington Post reports Sept 13 (Reuters) - White House officials have signaled a delay in Nippon Steel's 5401.T takeover of U.S. Steel X.N , the Washington Post reported on Friday. Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra Eluri
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White House Officials Signal Delay In U.S. Steel Takeover Decision- Washington Post

BRIEF-White House Officials Signal Delay In U.S. Steel Takeover Decision- Washington Post Sept 13 (Reuters) - WHITE HOUSE OFFICIALS SIGNAL DELAY IN U.S. STEEL TAKEOVER DECISION- WASHINGTON POST Source https://tinyurl.com/yz9235p8
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Some US Steel appeal would survive busted deal

RPT-BREAKINGVIEWS-Some US Steel appeal would survive busted deal The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, Sept 12 (Reuters Breakingviews) - Insufficient heat can interrupt the welding process, but U.S. Steel’s X.N problem has been too much of it. Fiery nationalistic and labor backlash is preventing the 123-year-old company from fusing with Japanese peer Nippon Steel 5401.T , as leery U.S.
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Some US Steel appeal would survive busted deal

RPT-BREAKINGVIEWS-Some US Steel appeal would survive busted deal The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, Sept 12 (Reuters Breakingviews) - Insufficient heat can interrupt the welding process, but U.S. Steel’s X.N problem has been too much of it. Fiery nationalistic and labor backlash is preventing the 123-year-old company from fusing with Japanese peer Nippon Steel 5401.T , as leery U.S.
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Nippon Steel, US Steel send letter to Biden on merger plans

UPDATE 1-Nippon Steel, US Steel send letter to Biden on merger plans Adds background and minister's comments in paragraph 4-10 By Yuka Obayashi TOKYO, Sept 13 (Reuters) - Nippon Steel 5401.T and U.S. Steel X.N sent a letter on Sunday to U.S. President Joe Biden about their planned $15 billion merger after media reported that he was preparing to block the deal, a spokesperson for the Japanese steelmaker said.
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Nippon Steel, US Steel send letter to Biden on merger plans

Nippon Steel, US Steel send letter to Biden on merger plans TOKYO, Sept 13 (Reuters) - Nippon Steel 5401.T and U.S. Steel X.N sent a letter on Sunday to U.S. President Joe Biden about their planned $15 billion merger after media reported that he was preparing to block the deal, a spokesperson for the Japanese steelmaker said. The spokesperson did not provide details about the letter's content, but said it was signed by Nippon Steel Chief Executive Eiji Hashimoto and U.S.
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United Steelworkers Union Says Will Not Be Bullied Into Accepting Nippon Steel Efforts To Win Over Workers For Its Takeover Of Us Steel-Bloomberg News

BRIEF-United Steelworkers Union Says Will Not Be Bullied Into Accepting Nippon Steel Efforts To Win Over Workers For Its Takeover Of Us Steel-Bloomberg News Sept 12 (Reuters) - UNITED STEELWORKERS UNION SAYS WILL NOT BE BULLIED INTO ACCEPTING NIPPON STEEL EFFORTS TO WIN OVER WORKERS FOR ITS TAKEOVER OF US STEEL-BLOOMBERG NEWS Source: https://tinyur
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Some US Steel appeal would survive busted deal

BREAKINGVIEWS-Some US Steel appeal would survive busted deal The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, Sept 12 (Reuters Breakingviews) - Insufficient heat can interrupt the welding process, but U.S. Steel’s X.N problem has been too much of it. Fiery nationalistic and labor backlash is preventing the 123-year-old company from fusing with Japanese peer Nippon Steel 5401.T , as leery U.S.
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Business groups raise concerns over political pressure in US Steel deal- FT

MEDIA-Business groups raise concerns over political pressure in US Steel deal- FT -- Source link: https://tinyurl.com/23jxc8rf -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Nippon Steel, U.S. Steel make last-ditch effort to win US nod, source says

UPDATE 2-Nippon Steel, U.S. Steel make last-ditch effort to win US nod, source says Adds Japan government spokesperson comments in paragraph 10 By Alexandra Alper and David Shepardson WASHINGTON, Sept 11 (Reuters) - A top Nippon Steel 5401.T executive and U.S. Steel's CEO are meeting with senior U.S. officials on Wednesday in an effort to salvage Nippon's $14.9 billion bid for U.S.
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Nippon Steel makes last ditch effort to win U.S. nod on US Steel deal, source says

Nippon Steel makes last ditch effort to win U.S. nod on US Steel deal, source says WASHINGTON, Sept 11 (Reuters) - A top Nippon Steel 5401.T executive plans to meet with senior U.S. officials on Wednesday to try and salvage the firm's $14.9 billion bid for U.S. Steel X.N , a person familiar with the matter said. The meeting, which will feature Takahiro Mori, a key negotiator on the deal, is also expected to include Treasury Deputy Secretary Wally Adeyemo and Commerce Deputy Secretary Don Graves
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Business groups fear political pressure influencing US review of Nippon

Business groups fear political pressure influencing US review of Nippon Sept 11 (Reuters) - A number of U.S. business groups on Wednesday sounded the alarm that the Biden administration's national security review of Nippon Steel's planned $14.9 billion acquisition of U.S. Steel is being unduly influenced by political pressure. The Committee on Foreign Investment in the United States (CFIUS) told the companies in an Aug.
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Nippon Steel Exec To Meet U.S. Officials About Steel Buyout Offer, Nikkei Says

BRIEF-Nippon Steel Exec To Meet U.S. Officials About Steel Buyout Offer, Nikkei Says Sept 11 (Reuters) - NIPPON STEEL EXEC TO MEET U.S. OFFICIALS ABOUT STEEL BUYOUT OFFER - NIKKEI NIPPON STEEL VICE PRESIDENT TAKAHIRO MORI EXPECTED TO HOLD TALKS IN WASHINGTON WITH MEMBERS OF COMMITTEE ON FOREIGN INVESTMENT IN U.S. - NIKKEI Further company coverage:
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Bid for 7-Eleven owner shows Japan's governance gains, says Suntory CEO Niinami

REUTERS NEXT-Bid for 7-Eleven owner shows Japan's governance gains, says Suntory CEO Niinami Japanese firms increasingly focused on value, CEOs wary of foreign takeovers, says Niinami Weak yen amplifies pressure on Japanese companies to increase equity returns Niinami supports Nippon Steel's U.S. bid, sees politics in its opposition Suntory could afford a purchase in the $10 bln range, says Niinami Releads, adds comments on M&A, Japan economy By David Dolan and Rocky Swift TOKYO, Sept 11 (Reuter
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Seven & i responded fairly to offer from Couche-Tard, says Suntory CEO Niinami

Seven & i responded fairly to offer from Couche-Tard, says Suntory CEO Niinami TOKYO, Sept 11 (Reuters) - Japan's Seven & i 3382.T responded fairly by saying a takeover offer from Canada's Couche-Tard ATD.TO was too low, Suntory Holdings chief executive Takeshi Niinami said on Wednesday. The offer for the operator of 7-Eleven convenience stores has made Japanese chief executives nervous about potential overseas takeovers, said Niinami in a Reuters NEXT Newsmaker interview.
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