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Latest Discussions»Latest Breaking News»Biden will decide on US S...»Reply #3
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In reply to the discussion: Biden will decide on US Steel acquisition after influential panel fails to reach consensus [View all]

BumRushDaShow

(145,075 posts)
3. Per the article, there is one
Reply to FredGarvin (Reply #2)
Tue Dec 24, 2024, 12:12 PM
Dec 24
A growing number of conservatives have publicly backed the deal, as Nippon Steel began to win over some steelworkers union members and officials in areas near its blast furnaces in Pennsylvania and Indiana. Many backers said Nippon Steel has a stronger financial balance sheet than rival Cleveland-Cliffs to invest the necessary cash to upgrade aging U.S. Steel blast furnaces.


That company made an offer over a year ago to USS that was rejected -

US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives (August 13, 2023)

They are still wanting to buy it -

Threatened by foreign investment, Cleveland-Cliffs teamed up with its union to unravel U.S. Steel deal (Dec 22, 2024)

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Biden will decide on US Steel acquisition after influential panel fails to reach consensus [View all] BumRushDaShow Dec 24 OP
Joe Biden knows the security risks of this deal more than the panel. He knows best what's the right thing to do. ancianita Dec 24 #1
I wonder why there are no US based corporations interested? FredGarvin Dec 24 #2
Per the article, there is one BumRushDaShow Dec 24 #3
Sounds like Cleveland-Cliffs wants to use the government Igel Dec 24 #4
In this case yes BumRushDaShow Dec 24 #5
Latest Discussions»Latest Breaking News»Biden will decide on US S...»Reply #3
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