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U.S. Steel and Nippon File Lawsuits
Lawsuit alleges Biden blocked US Steel-Nippon Steel merger for political reasons
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 acquisition of the second-largest domestic steel producer by Nippon for nearly $15 billion would threaten U.
Nippon Steel lawsuit against Biden could buy time to keep U.S. Steel deal alive
Nippon Steel and U.S. Steel are unlikely to convince a court to scrap President Joe Biden's decision to block their $14.9 billion merger, but their lawsuit could give them more time to reach a deal with incoming President Donald Trump.
Nippon, US Steel file suit against Biden administration, union, and rival after $15B deal scuttled
The suit, filed in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies’ due process.
16m
on MSN
Blinken visits Japan as Nippon Steel decision weighs on relations
By David Brunnstrom, Simon Lewis, Trevor Hunnicutt and Tim Kelly WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden's ...
6m
Japanese steelmaker vows not to give up on buying U.S. Steel
Nippon Steel said it would not be deterred by President Joe Biden’s decision last week to block its $15 billion bid for the ...
1h
on MSN
Analysis-China Exports Push Nippon Steel to Seek Growth in US, India After Blocked Deal
TOKYO (Reuters) - Nippon Steel is poised to expand its operations in the U.S. and India as it hunts for growth and protection ...
6h
Nippon Steel CEO doubles down on pledge to acquire U.S. Steel after suing Biden administration
Japan’s Nippon Steel emphasized that it is not giving up on its takeover of U.S. Steel, a day after suing the Joe Biden ...
2d
on MSN
Government source: 'regrettable' that Nippon Steel decision made due to 'national security concerns'
A Japanese government source told Euronews that the Biden adminstration's decision to block the takeover of US Steel by Japan ...
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