Why the Nippon-U.S. Steel Deal Still Has a Chance of Getting Done -- Heard on the Street -- WSJ

Dow Jones

02-23

A court filing in which Justice Department attorneys said the government wants a Biden administration order to remain in effect was last week. "Why the Nippon-U.S. Steel Deal Still Has a Chance of Getting Done -- Heard on the Street -- WSJ" at 7 a.m. Feb. 23 incorrectly said the court filing was this week.

(END) Dow Jones Newswires

February 24, 2025 11:38 ET (16:38 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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But he also has changed his mind about TikTok, cryptocurrencies, Elon Musk and the timing of tariffs. He still could change his mind about this proposed sale, however faint that possibility might seem at the moment.He could even declare, after further review, that approving the sale is \"common sense,\" as he likes to say.There could be great upside for U.S. Steel shares, now around $37, if he did. Nippon Steel's offer is valued at $55 a share, or $14.1 billion. Another U.S. steelmaker, Cleveland-Cliffs, has indicated it could make a play if Nippon Steel walks away and pays its $565 million breakup fee.There is a rather simple way forward, if the president were so inclined: He could withdraw Biden's decision on the grounds that the prior administration's process was deeply flawed, and then direct Cfius to start the review process o","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","X":"美国钢铁","BK4006":"钢铁","BK4516":"特朗普概念","BK4588":"碎股","CLF":"克利夫兰克里夫","NPSCY":"Nippon Steel Corporation","BK4520":"美国基建股"},"translate_title":"为什么日美。钢铁交易仍有机会完成——华尔街日报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"X":1,"CLF":0.9,"NPSCY":0.9},"content_text":"A court filing in which Justice Department attorneys said the government wants a Biden administration order to remain in effect was last week. \"Why the Nippon-U.S. Steel Deal Still Has a Chance of Getting Done -- Heard on the Street -- WSJ\" at 7 a.m. Feb. 23 incorrectly said the court filing was this week. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 24, 2025 11:38 ET (16:38 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}