Nippon Steel offers US government veto power in bid for US Steel approval, source says

Quick Summary:

Steel's production capacity, as part of its efforts to secure President Joe Biden's approval for acquiring the American steelmaker, a source familiar with the matter said on Tuesday.

:Japan's Nippon Steel has proposed giving the U.S.government veto power over any potential cuts to U.S.

If he takes no action, it would result in the merger's automatic approval.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanUnited States

Topics: Approval Nippon Production Secure Steel Capacity President Tuesday Biden 2024 Deal

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-01 @ 04:26:50 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 240 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24797317

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