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US Steel, Nippon sue Biden over move to block $14B deal
U.S. Steel, Nippon Steel Challenge Biden Decision to Kill $14.1 Billion Deal
The companies accuse the president, head of steelworkers union and Cleveland-Cliffs CEO of teaming up to block the transaction.
Analysis-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.
U.S. Steel and Nippon Sue Biden Over Decision to Block Merger
U.S. Steel and Japan’s Nippon Steel sued the United States government on Monday in a last-ditch attempt to revive their attempted merger after President Biden blocked it last week on the basis that the transaction posed a threat to national security.
1h
U.S. Steel sues Biden administration, union boss after president blocks acquisition deal
U.S. Steel and the Japanese firm that had sought to acquire it are suing the Biden administration after the president ...
10h
Trump says tariff plan will revive U.S. Steel
President-elect Donald Trump says U.S. Steel will thrive under his plan to impose tariffs on other nations, putting his ...
13h
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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