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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%
Focuses on domestic growth • 25%
Seeks another foreign investor • 25%
Undergoes restructuring • 25%
Merges with another U.S. company • 25%
Blocked by U.S. government • 25%
Other outcome • 25%
Approved • 25%
Deal withdrawn by Nippon Steel • 25%
Deal Blocked by CFIUS • 25%
Deal Withdrawn by Nippon Steel • 25%
Deal Approved • 25%
Deal Blocked by Biden • 25%
Negotiation with U.S. government • 25%
Legal action against U.S. • 25%
Pursue alternative acquisition • 25%
Abandon acquisition plans • 25%
Yes • 50%
No • 50%
No • 50%
Yes • 50%
Status quo • 25%
Increased profitability • 25%
Decreased profitability • 25%
Significant restructuring • 25%
Blocked • 25%
Approved with conditions • 25%
Approved without conditions • 25%
Withdrawn by Nippon Steel • 25%
Remains independent • 25%
Other • 25%
Acquired by a foreign company • 25%
Acquired by a U.S. company • 25%
Other • 25%
Negotiation for Terms • 25%
Abandonment of Deal • 25%
Legal Challenge • 25%