"Senator Fetterman Takes Stand Against Controversial $14.9bn US Steel Sale"
TL;DR
US Senator John Fetterman has pledged to block the proposed $14.9 billion sale of US Steel to Japanese company Nippon Steel, calling it "outrageous." Fetterman, a pro-union Democrat, criticized US Steel for selling itself to a foreign company and vowed to fight for the rights of American steelworkers. The United Steelworkers union also denounced the deal, accusing Nippon Steel of violating a labor agreement. A previous buyout offer by Cleveland Cliffs was rejected by US Steel, despite having the support of the union.
- Senator John Fetterman vows to block ‘outrageous’ $14.9bn US Steel sale The Guardian US
- These all-American brands aren’t actually American CNN
- Nippon Steel's US bet could be 'catalyst' unleashing Japan M&A wave Financial Times
- Opinion | U.S. Steel's Sale Is Industrial Policy Boomerang The Wall Street Journal
- Fetterman says he’ll work to block ‘absolutely outrageous’ US Steel sale The Hill
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Read on The Guardian US