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Pennsylvania governor says can not help Nippon-US Metal merger By Reuters

FFS by FFS
July 30, 2024
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Pennsylvania governor says can not help Nippon-US Metal merger By Reuters
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PHILADELPHIA (Reuters) – Pennsylvania Governor Josh Shapiro stated on Tuesday that he can not help Nippon Metal’s bid to purchase U.S. Metal in its present type as a result of the United Steelworkers union is sad with the merger.

Shapiro, who’s a contender to be Vice President Kamala Harris’ Democratic Occasion operating mate within the November U.S. presidential election, stated he was viewing the proposed merger by its influence on employees.

© Reuters. Pennsylvania's Governor Josh Shapiro holds a rally with Michigan's Governor Gretchen Whitmer (not pictured) in support of U.S. Vice President Kamala Harris' Democratic presidential election campaign in Ambler, Pennsylvania, U.S. July 29, 2024.  REUTERS/Rachel Wisniewski/ File Photo

“Talking from a state perspective as governor, if the U.S. metal employees aren’t pleased with this deal, which they don’t seem to be, I am not pleased with this deal,” Shapiro stated at an Inside Income Service occasion attended by Treasury Secretary Janet Yellen.

“If I do not see a future the place U.S. Metal manufacturing continues right here within the Commonwealth of Pennsylvania, and is increasing from what is occurring proper now, I am not completely satisfied, so I’ve bought actually critical considerations,” he stated.



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Reuters
2024-07-30 15:56:22
Source :https://www.investing.com/information/stock-market-news/pennsylvania-governor-says-cannot-support-nipponus-steel-merger-3544212

Tags: governormergerNipponUSPennsylvaniaReutersSteelsupport
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