U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
Tag: Mergers, Acquisitions and Divestitures
The Spectator Magazine Sold to Paul Marshall, a U.K. Hedge Fund Tycoon
Paul Marshall, a multimillionaire founder and investor in upstart conservative media outlets, has bought the right-wing British magazine in a deal worth about $131 million.
How Swing State Politics Are Sinking a Global Steel Deal
As the Biden administration nears a decision to block the proposed acquisition of U.S. Steel, the debate over national and economic security is being dwarfed by presidential politics.
Biden Expected to Block U.S. Steel Takeover by Nippon
The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel.
Lynch Yacht Sinking Off Sicily Proves as Baffling as It Is Tragic
As bodies were recovered, the authorities and experts wondered how a $40 million, stable and secure vessel could have sunk so quickly.
Founder of Kakao, South Korean Tech Giant, Arrested Over K-Pop Deal
Kim Beom-su, the billionaire behind Kakao, was taken into custody on allegations of stock manipulation during a bidding war over a K-pop agency.
F.T.C. Clears Exxon Mobil’s Acquisition of Pioneer Natural Resources
The Federal Trade Commission will bar Pioneer’s chief executive, Scott Sheffield, from joining Exxon’s board, saying he colluded with OPEC to reduce oil production.
Mining Giant BHP Makes $39 Billion Bid for Rival Anglo American
The deal would create one of the largest copper miners at a time when demand is soaring for the metal used in many green technologies.
Everton Seeks Alternative Buyer as Deal With 777 Partners Falters
With a proposed sale stalled seven months after it was announced, a financially strapped Premier League team is pursuing a backup plan.
U.S. House Passes Bill That Could Ban TikTok
The legislation received wide bipartisan support, with both Republicans and Democrats showing an eagerness to appear tough on China.