Nippon Steel
Japanese steelmaker
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| January 12 2025 | The Biden administration delays the executive order blocking the merger until June 18, 2025, allowing courts time to review the counter-suit. |
| January 2025 | Activist investment company Ancora Holdings launches a proxy battle against U.S. Steel, seeking to end the Nippon Steel merger and replace CEO David Burritt. |
| January 6 2025 | Nippon Steel and U.S. Steel sue the Biden administration in response to the merger block. |
| January 3 2025 | President Joe Biden blocks the Nippon Steel acquisition of U.S. Steel via executive order. Following the blocked deal, Cleveland-Cliffs and Nucor express interest in acquiring U.S. Steel. |
| 2024 | Nippon Steel Vice Chairman Takahiro Mori makes multiple trips to the United States, meeting with political and business leaders in Washington, D.C., and community leaders in Pennsylvania to garner support for the acquisition. |
| 2024 | Shigeru Ishiba becomes Prime Minister of Japan and shifts the government's stance on the Nippon Steel's acquisition of U.S. Steel, urging the U.S. administration to approve the deal. |
| 2024 | President-elect Donald Trump declares he will block the proposed acquisition of U.S. Steel by Nippon Steel. |
| September 2024 | Biden Administration prepares to block Nippon Steel's proposed acquisition of U.S. Steel. |
| May 2024 | Both companies announce receiving regulatory approvals from multiple countries including Mexico, Serbia, Slovakia, Turkey, the United Kingdom, and the European Union. |
| April 2024 | Ohio Senator Sherrod Brown pressed the White House to review Nippon Steel's ties to China in relation to the proposed U.S. Steel acquisition, with Nippon Steel responding that its Chinese operations represent less than 5% of its total capacity. |
| April 2024 | U.S. Department of Justice launches an in-depth antitrust investigation into the planned acquisition of U.S. Steel by Nippon Steel. |
| April 2024 | U.S. Steel shareholders approve the Nippon Steel acquisition deal, with over 98% voting in favor. |
| March 2024 | Nippon Steel Executive Vice President Takahiro Mori announces plans to move the company's U.S. headquarters from Houston to Pittsburgh to strengthen the acquisition deal. |
| March 14 2024 | The Biden Administration publicly opposes the acquisition of U.S. Steel by Nippon Steel. |
| January 2024 | Nippon Steel and U.S. Steel hire prominent lobbyists to help navigate scrutiny of the proposed acquisition. Nippon Steel enlists Akin Gump Strauss Hauer & Feld, including former Representatives Ileana Ros-Lehtinen and Filemon Vela Jr. U.S. Steel hires K&L Gates and Hogan Lovells, including former Senator Norm Coleman. |
| January 2024 | Nippon Steel President Hashimoto and Vice President Mori publish an op-ed in the Wall Street Journal explaining the company's plan to grow U.S. Steel and launch a dedicated website to promote the deal's benefits. |
| December 21 2023 | Lael Brainard, director of the National Economic Council, indicates President Biden believes the Nippon Steel's acquisition of U.S. Steel should receive serious scrutiny, highlighting potential national security and supply chain concerns. |
| December 18 2023 | Nippon Steel Corporation agrees to buy United States Steel Corporation for $14.9 billion, proposing to make U.S. Steel a wholly owned subsidiary while maintaining its name and Pittsburgh headquarters. |
| August 2023 | U.S. Steel became the center of a bidding war, with Cleveland-Cliffs making an initial offer of $7.8 billion at $17.50 in cash plus shares valued at $35 each. |
This contents of the box above is based on material from the Wikipedia article Proposed acquisition of U.S. Steel by Nippon Steel, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.