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Biden Was Right to Block US Steel Takeover
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.
US Steel and Nippon sue Biden administration, Steelworkers union and Cleveland-Cliffs over their blocked merger
US Steel and Nippon, whose $14.3 billion merger was blocked by President Joe Biden last week, filed a lawsuit against the US government Monday, claiming Biden’s executive order to bar the companies from combining was signed for “purely political reasons.
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 acquisition of the second-largest domestic steel producer by Nippon for nearly $15 billion would threaten U.S. national security, the Biden administration said.
22h
on MSN
Nippon Steel and US Steel rival denies bombshell lawsuit claims: 'We are armored through the teeth'
The CEO of Cleveland-Cliffs – a Nippon and U.S. Steel competitor – argues suing his company and the Biden administration is ...
1d
on MSN
Nippon Steel stands firm on a US Steel takeover and denies risks cited by Biden
Nippon Steel Chief Executive Eiji Hashimoto says the top Japanese steelmaker is standing firm on its proposed $15 billion ...
4d
on MSN
Biden blocks Japan's $14 billion takeover of US Steel on national security grounds
Joe Biden said the deal would create "risk for our national security and our critical supply chains." President-elect Trump ...
15h
on MSN
China exports push Nippon Steel to seek growth in US, India after blocked deal
Nippon Steel is poised to expand its operations in the U.S. and India as it hunts for growth and protection from cheap ...
17h
on MSN
US rejection of Nippon Steel’s bid for US Steel rankles Washington’s key ally in Asia
BANGKOK (AP) — U.S. President Joe Biden’s decision to reject a bid by Nippon Steel to acquire U.S. Steel on national security ...
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