TOKYO -- Nippon Steel's bid to acquire U.S. Steel succumbed to an unusual fate when President Joe Biden blocked the deal, marking the first time a U.S. president has issued an order to halt a Japanese company's acquisition of an American peer.
Business deals
U.S. Steel deal: 3 scenarios for Nippon Steel after Biden block
Court case, change in acquisition plan and hope for Trump to save acquisition
U.S. Steel's Edgar Thomson Works in Braddock, Pennsylvania. © AP
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