Pennsylvania Governor Opposes Nippon Steel's Acquisition of US Steel
Josh Shapiro, potential VP candidate, cites union concerns and impact on local manufacturing as key reasons for opposition.
- Shapiro aligns with both Democratic and Republican leaders in opposing the $14.9 billion deal.
- The United Steelworkers union has expressed significant dissatisfaction with the merger.
- Nippon Steel has pledged to preserve US Steel's operations and workforce in Pennsylvania.
- US Steel shareholders overwhelmingly approved the acquisition in April.
- The merger faces regulatory scrutiny, including an antitrust probe and national security review.