Biden still opposes Nippon Steel deal's bid for U.S. Steel

U.S. President Joe Biden disembarks from Air Force One upon arrival at Dover Air Force Base in Dover, Delaware, on Friday. | AFP-JIJI

Wires
September 28, 2024

DOVER, DELAWARE – U.S. President Joe Biden said on Friday his opposition to Nippon Steel's $14.9 billion bid for U.S. Steel hadn't changed despite a decision by his administration to extend a national security review of the proposed tie-up.
"I haven’t changed my mind,” he told reporters, when asked if the extension indicated a change of heart.

Nippon Steel and U.S. Steel did not immediately respond to requests for comment.