Market
What will be U.S. Steel's strategic direction following the blocked Nippon Steel deal by end of 2025?
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Resolution / Starting Odds
Seek another buyer • 25%
Focus on internal growth • 25%
Partnership with another company • 25%
Other • 25%
Company announcements and business news reports
Story
President Biden Blocks Nippon Steel's $14.9 Billion U.S. Steel Deal, Citing National Security
Jan 3, 2025, 04:07 AM
President Joe Biden has decided to officially block Nippon Steel's proposed $14.9-billion acquisition of U.S. Steel, citing national security concerns, according to reports from The Washington Post and other media outlets. The decision, expected to be announced as early as Friday, ends the contentious merger plan that Biden had publicly opposed for months. The United Steelworkers union criticized Nippon Steel's proposal, calling it 'destined to fail' due to a lack of long-term commitments. Nippon Steel had indicated it was prepared to pursue legal action if the deal was blocked. The move to reject a deal from a friendly nation like Japan is considered unusual and may impact efforts to strengthen U.S.-Japanese relations during Biden's administration.
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Other strategic direction • 25%
Seek another merger/acquisition • 25%
Focus on domestic expansion • 25%
Undergo restructuring • 25%
Undergoes restructuring • 25%
Merges with another U.S. company • 25%
Focuses on domestic growth • 25%
Seeks another foreign investor • 25%
Deal withdrawn by Nippon Steel • 25%
Other outcome • 25%
Blocked by U.S. government • 25%
Approved • 25%
Deal Withdrawn by Nippon Steel • 25%
Deal Blocked by Biden • 25%
Deal Approved • 25%
Deal Blocked by CFIUS • 25%
Legal action against U.S. • 25%
Pursue alternative acquisition • 25%
Abandon acquisition plans • 25%
Negotiation with U.S. government • 25%
No • 50%
Yes • 50%
Yes • 50%
No • 50%
Significant restructuring • 25%
Decreased profitability • 25%
Increased profitability • 25%
Status quo • 25%
Ongoing legal proceedings • 25%
Merger blocked • 25%
Merger completed • 25%
Merger abandoned by companies • 25%
Blocked • 25%
Approved without conditions • 25%
Approved with conditions • 25%
Withdrawn by Nippon Steel • 25%
Acquired by a U.S. company • 25%
Other • 25%
Acquired by a foreign company • 25%
Remains independent • 25%