Current location:Global Gallery news portal > business
US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administration
Global Gallery news portal2024-05-19 18:18:26【business】3People have gathered around
IntroductionPITTSBURGH (AP) — U.S. Steel shareholders have overwhelmingly approved the company’s sale to Nippon
PITTSBURGH (AP) — U.S. Steel shareholders have overwhelmingly approved the company’s sale to Nippon Steel of Japan for $14.1 billion in cash, voicing unequivocal support for a combination that has drawn opposition from the Biden administration on economic and national security grounds.
More than 98% of the shares voted at a special investor meeting Friday approved the takeover, according to a preliminary count of ballots announced by Pittsburgh-based U.S. Steel.
The transaction has raised concerns about what the sale could mean for unionized workers, supply chains and U.S. national security.
President Joe Biden has come out in opposition to the deal, saying in March that the U.S. needs to “maintain strong American steel companies powered by American steelworkers.” Japanese Prime Minister Fumio Kishida said on Wednesday during a White House news conference that he hopes discussions on Nippon “will unfold in directions that would be positive for both sides.”
The United Steelworkers, which represents the U.S. Steel labor force, did not respond to requests by The Associated Press for comment on the shareholder vote.
Address of this article:http://mauritania.elfsignes.com/article-35f599918.html
Very good!(27)
Related articles
- Girls in Rio favela hope to play in 2027 Women's World Cup
- US, UK intelligence leaders raise fresh alarms about Chinese espionage
- LIZ JONES: Kate's strength has made me ashamed. And there's one self
- What is happening with the NZ housing market this week?
- Rough return to 'normal' sends Scheffler down the leaderboard at PGA Championship
- Girl, five, dies after being hit by a lorry as she rode her bike outside school
- 'It has taken us time to explain to George, Charlotte and Louis
- US military ship heading to Gaza to build port
- Accident in NW China's metro line test leaves 1 dead, 2 injured
- Isla Phillips: The little royal and great
Popular articles
- Swiatek dominates to earn her 3rd Italian Open title and heads to French Open as the big favorite
- U.S. dispatches general in charge of the Middle East to F
- Princess Beatrice and Edoardo Mapelli Mozzi are all smiles as they join his mother
- LIZ JONES: Kate's strength has made me ashamed. And there's one self
Recommended
US security alert warns Americans overseas of potential attacks on LGBTQ events
Kings and royal princes were the rock stars of their day
Oscars 2024: The Biggest Moments from the 96th Academy Awards
Kings and royal princes were the rock stars of their day
Shane Lowry ties a major championship record by shooting a 9
Not b***** likely! How straight
Crown Prince Hussein and Princess Rajwa of Jordan announce they are expecting a baby this summer
Snap! How toned Pippa Middleton matches her bikinis with her designer wardrobe
Links
- Xinhua's top 10 world news events in 2023
- Hunter Biden indicted on multiple counts related to firearms, tax evasion
- Cambodian PM to attend 4th Lancang
- Sri Lanka witnesses rise in dengue cases with over 10,000 reported in December
- Iowa Supreme Court overturns $790,000 sexual harassment award to government employee
- How to get rid of NYC rats without brutality? Birth control is one idea
- Cambodian PM to attend 4th Lancang
- Supreme Court of U.S. Michigan keeps Trump on 2024 primary ballot
- Palestinian death toll rises to 22,438 in Gaza: ministry
- Infographic: What we need to know about COP28