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Market
What will Nippon Steel's response be to the blocked U.S. Steel acquisition by end of 2025?
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Resolution / Starting Odds
Legal action • 25%
Negotiation for a new deal • 25%
Withdrawal from U.S. market • 25%
Other • 25%
Company announcements and legal records
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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Negotiation for Terms • 25%
Legal Challenge • 25%
Other • 25%
Abandonment of Deal • 25%
Negotiation with U.S. government • 25%
Pursue alternative acquisition • 25%
Abandon acquisition plans • 25%
Legal action against U.S. • 25%
No • 50%
Yes • 50%
Pursue legal action • 25%
Propose revised terms • 25%
Abandon acquisition plans • 25%
Seek alternative partnerships • 25%
Formal diplomatic protest • 25%
No significant response • 25%
Seek negotiations • 25%
Economic retaliatory measures • 25%
No • 50%
Yes • 50%
Withdrawn by Nippon Steel • 25%
Blocked by U.S. government • 25%
Approved without conditions • 25%
Approved with conditions • 25%
Blocked by CFIUS • 25%
Approved • 25%
Other outcome • 25%
Withdrawn by Nippon Steel • 25%
No • 50%
Yes • 50%
Rejected • 25%
Approved without conditions • 25%
Approved with conditions • 25%
Postponed • 25%