Biden Blocks Nippon Steel-U.S. Steel Deal
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Tokyo Stock ExchangeCNA
•World
World
Nippon Steel shares down after US government blocks US Steel purchase

74% Informative
Shares in Nippon Steel fell more than 1 per cent on Monday after U.S. President Joe Biden blocked its proposed $14.9 billion acquisition.
Biden cited national security concerns, in a potentially fatal blow to the deal after a year-long review.
Japanese steelmaker's share price decline was limited given Biden 's opposition had been well-flagged.
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