Current location:entertainment >>
US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administration
entertainment37255People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Earth Enquirer news portal”。http://syria.boluescortbayan.net/html-80b099828.html
Related articles
Helicopter crashes in a field in New Hampshire, officials say
entertainmentDANBURY, N.H. (AP) — A helicopter crashed on Saturday in New Hampshire, officials said, but the cond ...
Read moreNBA's Mavs and NHL's Stars chase a Dallas double with their deepest playoff run together
entertainmentDALLAS (AP) — Dereck Lively II of the Dallas Mavericks tossed the question back at the reporter when ...
Read moreWhistleblower lawsuit alleges retaliation by Missouri House speaker
entertainmentJEFFERSON CITY, Mo. (AP) — Missouri’s House speaker once described “stupid Republican women” as “an ...
Read more
Popular articles
- US dampens criticism of El Salvador's president as migration overtakes democracy concerns
- Russia and Ukraine exchange POWs for the first time in months. Bodies of fallen are also swapped
- 'Robot Dreams' review: A sweetly wistful friendship tale for all ages
- UVA to pay $9M related to 2022 campus shooting
- British stag do tourists enjoy seven
- Marian Robinson, the mother of Michelle Obama has died at 86
Latest articles
North Korea says it will stop sending trash balloons as South Korea vows retaliation
Gallaher's walk
Washington National Zoo to receive two giant pandas from China by year end
BORIS JOHNSON: This was a machine
Israeli siblings Ron and Leah Polonsky chase Olympics from Bay Area rivals Stanford and Cal
River ferry sinks in Afghanistan, killing at least 20
LINKS
- A top Russian military official reportedly linked to Ukraine's Mariupol arrested for bribe
- Baltimore port to open deeper channel, enabling some cargo ships to pass after bridge collapse
- Biden’s cannibal remarks send US
- Canucks goalie Thatcher Demko will miss Game 2 against Predators
- Passenger breaks his leg 30 minutes into a seven
- Spain approves plan to compensate victims of Catholic Church sex abuse. Church will be asked to pay
- UnitedHealth says wide swath of patient files may have been taken in Change cyberattack
- Starbucks vs federal labor agency: U.S. Supreme Court is set to hear oral arguments
- Child care crisis: High daycare cost hurts moms without college degree
- Girl, nine, is taken to hospital with life