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Nippon, US steel sue to save merger
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.
Biden Was Right to Block the US Steel Takeover
Even if losing domestic sources of primary steel does not seem like a national security threat today, it might tomorrow.
4h
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 ...
15h
on MSN
Biden killed US Steel deal even though some US officials rejected national security concerns
President Joe Biden decided to block the $14 billion takeover of US Steel by Japan’s Nippon Steel even though some top US ...
16h
Nippon Steel and US Steel sue Biden administration over blocked merger
U.S. Steel and Japanese steelmaker Nippon Steel sued the U.S. government Monday in a last-ditch effort to move forward with ...
4h
on MSN
Analysis-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 ...
10h
Blinken In Japan After Rift On Steel Deal
US Secretary of State Antony Blinken was in Japan on Tuesday for talks expected to address North Korean missile launches, but ...
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Joe Biden
Nippon
Japan
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