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U.S. Steel sues Biden and rival Cleveland-Cliffs
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.
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.
Nippon Steel lawsuit against Biden could buy time to keep U.S. Steel deal alive
The companies argued in a lawsuit announced on Monday that Biden violated the Constitution by blocking the merger via a sham national security review that deprived the companies of their right to a fair process.
2h
on MSN
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 ...
3h
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 ...
3h
Blinken says US-Japan ties solid despite rift over steel deal
US Secretary of State Antony Blinken insisted during a visit to Tokyo on Tuesday that ties with Japan were stronger than ever ...
11h
Nippon Steel’s Thwarted Bid Sets Up Tougher Rivalry With Chinese Mills
Nippon Steel Corp.’s thwarted bid to expand in the US could mean tougher competition for Chinese mills in an already ...
3d
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
Blinken visits Japan as Nippon Steel decision weighs on relations
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
3d
United States Steel: Dead Deal Creates Income Opportunities
United States Steel’s earnings and margins decline in 2024. Learn why X stock is slightly overvalued at $30, with a fair ...
1d
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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