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Nippon, US steel sue to save merger
US rejection of Nippon Steel's bid for US Steel rankles Washington's key ally in Asia
U.S. President Joe Biden’s decision to reject a bid by Nippon Steel to acquire U.S. Steel on national security grounds isn’t the first time friction over trade and investment has irked Washington’s closest ally in Asia.
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.
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.
1h
on MSN
Japanese steelmaker vows not to give up on buying U.S. Steel
Japan’s largest steelmaker said that it would not give up trying to purchase U.S. Steel even after President Joe Biden ...
17h
U.S. Steel, Nippon Steel sue Biden administration over blocked deal
U.S. Steel and Nippon Steel have filed lawsuits against the Biden admin. after the president blocked their $15 billion ...
1d
on MSN
Nippon Steel president says suing US government is an option, NTV reports
Nippon Steel President Tadashi Imai said filing a lawsuit against the U.S. government is one of the "important options", ...
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