Nippon Steel CEO doubles down on pledge to acquire U.S. Steel after suing Biden administration

Japan’s Nippon Steel CEO emphasized on Tuesday that the company is not giving up on its takeover of U.S. Steel, a day after it sued the Joe Biden administration over blocking the proposed merger.
“There is no reason or need to give up on (the takeover). We simply cannot accept it,” Nippon Steel’s chairman and CEO Eiji Hashimoto said in a press conference.

https://www.cnbc.com/2025/01/07/nippon-steel-ceo-doubles-down-on-pledge-to-acquire-us-steel.html

8 replies (most recent on top)

Sold 100% to Nippon. Always, Always, Always - lied to by everyone. Always have been and always will be.

US Steel stock is extremely over inflated to help the executives get rich during the Nippon deal. The true value should be around $25-$35.

https://www.channelnewsasia.com/business/third-point-owns-stake-us-steel-sees-opportunities-credit-letter-says-5102611

Third Point —— sounds like a 3rd way to sell us out.

Shareholder letter from Ancora on this site.

https://www.makeussteelgreatagain.com/

When are we going to get a decent CEO at US Steel?

https://www.msn.com/en-us/money/markets/nippon-steel-keeps-plan-to-acquire-us-steel-report/ar-AA1z3xBW

If true, Nippon and US Steel CEO just told us all where we can go.

The cancer known as Mein Drumpf will provide the solution.

https://financialregnews.com/ancora-launches-activist-bid-to-reshape-u-s-steel-leadership-and-block-any-buyouts/

Someone finally stepped up.

USW President Dave McCall video.

https://youtu.be/mp0mryVr6aw