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Nippon, US Steel File Suit
Nippon, US Steel file suit against Biden administration, union, and rival after $15B deal scuttled
Nippon Steel and U.S. Steel filed a federal lawsuit challenging a Biden administration decision to block Nippon's proposed $15 billion acquisition of the Pittsburgh company and said that the head of the Steelworkers union and a rival steelmaker worked together to scuttle the buyout.
US Steel and Nippon Steel sue Biden administration over blocked merger
U.S. Steel and Japan-based Nippon Steel sued the Biden administration on Monday over a decision made last week to block a merger between the two companies. A proposed $14 trillion acquisition of the second-largest domestic steel producer by Nippon would threaten U.
Nippon Steel, US Steel sue over blocked bid
The first lawsuit filed in the U.S. Court of Appeals for the District of Columbia Circuit claims the companies’ constitutional right to due process was violated.
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Biden blocks Japan's Nippon Steel from acquiring U.S. Steel
The companies condemned the president's decision and hinted at taking legal action, while U.S. Steel's CEO accused Biden of ...
2h
on MSN
US Steel CEO: Government failed our country after Nippon Steel deal axed
The CEO of U.S. Steel scolded President Biden for blocking the $14 billion acquisition of U.S. Steel by Japan-based firm ...
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Companies signal court fight ahead after Biden blocks U.S. Steel sale
The move comes after a year of political and economic drama. It leaves the future of the once-iconic American business in ...
2d
on MSN
Rise of US Steel paralleled the arrival of the United States on the world stage
President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan’s Nippon Steel — something he had first vowed ...
3h
on MSN
Does Nippon Steel's bid to buy US Steel threaten national security? Experts weigh in
President Biden blocked Nippon Steel's acquisition of U.S. Steel citing national security concerns, a rationale which has ...
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