US Steel, Nippon Sue Biden for Blocking $15 Billion Deal
President Biden blocked the deal between Nippon and U.S. Steel earlier this month due to "national security" concerns.
US Steel and Nippon file lawsuit after Biden blocks merger deal
Nippon Steel and US Steel filed a federal lawsuit on Monday challenging a Biden administration decision to block Nippon's proposed $15bn (€14bn) acquisition of the Pittsburgh company. The firms claimed that the head of the Steelworkers union and a rival steelmaker worked together to scuttle the buyout.
Nippon Steel bets on Trump to salvage $15bn US deal
Nippon Steel and US Steel are betting Donald Trump can be persuaded to back their $15bn deal, accusing President Joe Biden of blocking the transaction to win union support in last year’s presidential election.
Ramstad: U.S. Steel should have gone to Nippon. Blocking the deal will harm Minnesota’s Iron Range
President Joe Biden last week capitulated to uneconomic thinking by blocking Nippon Steel’s purchase of U.S. Steel. That decision will ultimately harm Minnesota’s Iron Range. U.S. Steel operates two of the iron ore mines in northeast Minnesota,
U.S.-Japan ties strong despite blocked Nippon Steel deal: ambassador
U.S. Ambassador to Japan Rahm Emanuel on Thursday played down concerns over the potential repercussions from President Joe Biden's decision to block the $14.1 billion acquisition of United States Steel Corp.
US Steel spat strengthens case for deal guardrails
A 123-year-old steelmaker’s fate could yet become a restraint on modern-day executive power. United States Steel and suitor ...
President Biden blocks sale of US Steel to Japanese company
In blocking the sale to Nippon Steel, Biden said U.S. Steel "will remain a proud American company – one that’s American-owned ...
Nippon, US Steel file suit against Biden administration, union, and rival after $15B deal scuttled
Nippon Steel had promised to invest $2.7 billion in U.S. Steel’s aging blast furnace operations in Gary, Indiana, and ...
Nippon Steel lays out case against the US
Japanese manufacturer Nippon Steel and US Steel have filed a lawsuit challenging US President Joe Biden's decision to block ...
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US Steel, Nippon sue Biden admin. Could Trump save US Steel?
President Biden blocked Nippon Steel's (NPSCY, 5401.T) $14.9 billion bid for US Steel (X) on Friday, even after the Japan-based company submitted a new buyout proposal to the US administration ...
Nippon Steel stands firm on a US Steel takeover and denies risks cited by Biden
Nippon Steel was standing firm on its proposed $15 billion acquisition of U.S. Steel, Chief Executive Eiji Hashimoto said ...
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US blocks Nippon Steel takeover of US Steel
Production operations at US Steel. The US government announced it has blocked the proposed US$14bn takeover of US Steel Corporation by Japan’s Nippon Steel Corporation, just weeks before ...
AFP on MSN4d
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 ...
US rejection of Nippon Steel's bid for US Steel rankles Washington's key ally in Asia
President Joe Biden's decision to reject a bid by Nippon Steel to acquire U.S. Steel isn't the first time friction over trade and investment has irked Washington's closest ally in Asia ...