Nippon Steel's $14.9 billion acquisition of U.S. Steel Corp will be decided by European Union antitrust regulators by May 17, with their approval a formality...
The Producer Price Index in March rose 0.2% from the previous month, a lower rate of growth than economists had forecastBRUSSELS - Nippon Steel 's $14.9 billion acquisition of U.S. Steel Corp will be decided by European Union antitrust regulators by May 17, with their approval a formality, a European Commission filing showed.
The Japanese steelmaker sought EU clearance on April 9, with the EC reviewing the deal under a simplified procedure, according to the filing. Such a process is used for cases in which the EU competition enforcer has no competition concerns, or the companies' individual or combined market share is low.
Nippon Steel, which clinched a deal to buy the 122-year-old American steelmaker for a hefty premium in December, however, faces headwinds with U.S. antitrust regulators. Nippon Steel has manufacturing bases in Sweden, Finland and Britain and an office in Germany while U.S. Steel has a Slovakian subsidiary.WASHINGTON — The company responsible for a global recall of sleep apnea machines will be barred from resuming production at U.S. facilities until it meets a number of safety requirements, under a long-awaited settlement announced Tuesday by federal officials.
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