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   rec.crafts.metalworking      Metal working and metallurgy      215,367 messages   

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   Message 213,666 of 215,367   
   Leroy N. Soetoro to All   
   Why Nippon Steel's $15 Billion Takeover    
   30 Aug 24 21:31:32   
   
   [continued from previous message]   
      
   discussions will progress after the presidential election.   
      
   Last week, Mr. Trump reiterated that he would block Nippon Steel’s   
   acquisition if he became president. Vice President Kamala Harris, now the   
   Democratic presidential nominee, has not publicly commented on it.   
      
   On Aug. 15, the grievances that the United Steelworkers lodged against the   
   deal were heard by a panel of arbitrators in Philadelphia. The arbitration   
   board will either say the deal can go through as it stands or recommend   
   that U.S. Steel and Nippon Steel make certain adjustments. The decision is   
   due by the end of September.   
      
   The union has contested the commitments it was offered by Nippon Steel. It   
   points to a vow by Nippon Steel not to lay off any employees or close any   
   plants. But the union said the pledge would remain valid only through the   
   end of the current labor contract and would be subject to exceptions for   
   “extraordinary circumstances.”   
      
   The union has an interest in pushing hard for concessions at a place of   
   maximum strength before the election, said Jonathan Grady, the founding   
   principal of the consultancy firm Canary Group, who has analyzed the deal   
   for investors.   
      
   On the other side, it is advantageous for Nippon Steel to try to play out   
   the clock and gain the upper hand, he added.   
      
   “It’s a complicated game being played between Nippon Steel and the local   
   steel union,” Mr. Grady said. “Almost a year in, the Nippon Steel merger   
   deal has turned into something like a high-stakes, $15 billion game of   
   chicken.”   
      
      
   --   
   We live in a time where intelligent people are being silenced so that   
   stupid people won't be offended.   
      
   Durham Report: The FBI has an integrity problem.  It has none.   
      
   No collusion - Special Counsel Robert Swan Mueller III, March 2019.   
   Officially made Nancy Pelosi a two-time impeachment loser.   
      
   Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden   
   fiasco, President Trump.   
      
   Under Barack Obama's leadership, the United States of America became the   
   The World According To Garp.  Obama sold out heterosexuals for Hollywood   
   queer liberal democrat donors.   
      
   President Trump boosted the economy, reduced illegal invasions, appointed   
   dozens of judges and three SCOTUS justices.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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