The truth is, a rival US company called Cleveland-Cliffs is trying to take over USS. This Nippon bid is probably an attempt by USS to see if they can get a higher bid from Cleveland.
UH, OH
Sounds like someone (in this case, a democrat) didn’t get their cut...
PA made the right choice.
Real question
Do you want the company and assets to leave the country?
Fetterman is an idiot, but this is not a good thing.
US Steel sent a lot of it’s products to Japan via bombers. Japan may not talk about it, but they have not forgotten.
Hahahaha. Yea. Us Steel is on the verge of bankruptcy… what utter nonsense
Political ideological dogma can be checked at the door
US Steel is a profitable if smaller enterprise it is not on the verge of collapse. It’s shrunk size does make it a prime acquisition candidate for other players but hardly are they on the verge of closing down
That is surprising for an American politician to want to keep a main industry owned by Americans.
Confounding almost the entire investment community, the Japanese have continued to pour billions of dollars into United States real estate, a new study reported today.
The study also shows that the Japanese are no longer buying strictly top-of-the-line office towers in New York, Los Angeles and San Francisco. Now, they are acquiring properties ranging from combined retail-and-office complexes to industrial warehouses and are venturing to cities where they have not spent heavily before, including Chicago, Atlanta and Boston.
The study, by Kenneth Leventhal & Company, a Los Angeles-based accounting and consulting firm, said Japanese investors spent $8.96 billion on real estate in this country from Jan. 1 to Aug. 31 and will spend $7.04 billion more by year-end. The eight-month figure is a record, as would be the $16 billion total for the year. Predictions Were Way Off.
However, this was a few years ago...
https://www.nytimes.com/1988/10/10/business/japanese-lift-purchases-of-us-property.html
Fetterman has been saying some interesting things lately....
The real test will be what he has to say when CHINA wants to buy it.