Biden Is Urged to Reconsider $14 Billion US Steel Takeover (2)

Nippon Steel Corp. is mounting a last-ditch push to muster support for its $14.1 billion takeover of United States Steel Corp., a deal opposed by President Joe Biden, Vice President Kamala Harris and ex-President Donald Trump.

Biden and Harris want the company to remain domestically owned while Trump has flatly said he’d block it. The United Steelworkers union leadership also opposes the deal. But, among other stakeholders and some union members, the view is more mixed — with some supporting the deal because they worry that another buyer won’t match Nippon Steel’s pledges to invest $2.7 billion ...