U.S. Steel, Nippon Steel Challenge Biden’s 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.
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 $14 billion acquisition of the second-largest domestic steel producer by Nippon would threaten U.
US Steel, Nippon sue Biden over move to block $14B deal: ‘Shameful and corrupt’
The lawsuit, filed in a federal court in Washington, accused Biden and senior administration officials of corrupting the deal’s review process, and harming American steel workers by blocking the
Nippon Steel, US Steel File Suit Against Biden's Merger Block
The outgoing president announced Friday that he was blocking the acquisition, saying it threatened national security.
Nippon and U.S. Steel filed a lawsuit after the Biden administration blocked a $15 billion deal
The suit, filed Monday in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies' due process.
Nippon, US Steel sue Biden over blocked buyout deal
Nippon Steel and US Steel filed suit Monday over President Joe Biden’s decision to block the Japanese giant’s proposed acquisition of its American rival, accusing his administration of “illegal interf
Steel giants challenge Biden’s block on $14.1 billion acquisition
Nippon Steel and U.S. Steel filed lawsuits against the Biden administration’s decision to block their $14.1 billion merger.
U.S. Steel, Nippon file lawsuit over Biden order blocking acquisition, seek new review
U.S. Steel and Nippon Steel on Monday filed a lawsuit against the U.S. government over President Joe Biden’s order blocking the sale of the Pittsburgh-based steel company to the Japanese firm. The lawsuit filed in the U.
U.S. Steel, Nippon allege Biden violated constitution in lawsuit over blocked deal
U.S. President Joe Biden violated the Constitution by blocking Nippon Steel's $14.9 billion bid for U.S. Steel through a sham national security review, the companies alleged in a lawsuit they said was filed on Monday.
Biden's Decision to Block Nippon Steel Takeover Creates Uncertainty for U.S. Steel Workers
By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden says he is protecting good jobs in the American heartland
Biden kills U.S. Steel deal; what Trump said and what it means for Pennsylvania
U.S. Steel employs thousands across its plants and offices in Pennsylvania and the state has about 10% of the nation’s steelworkers.
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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 ...
Crain's Detroit5h
Steel companies file lawsuits in move to keep merger deal alive
Nippon Steel Corp. and United States Steel Corp. jointly filed lawsuits in a last-ditch effort to preserve the planned merger ...
US Steel CEO: Government failed our country after Nippon Steel deal axed
The CEO of U.S. Steel scolded President Biden for blocking the $14 billion acquisition of U.S. Steel by Japan-based firm ...
CFIUS Review of Acquisitions and Investments
To protect national security, the Committee on Foreign Investment in the United States (CFIUS) may review transactions involving foreign investment in US businesses. Parties to potentially covered ...
KSTP-TV2d
Biden rejects proposal that would allow Japanese company to buy U.S. Steel
U.S. Steel employs thousands of workers on Minnesota's Iron Range at Minntac in Mountain Iron and Keetac in Keewatin.
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 ...
Biden to block $14.9B US Steel sale to Japanese buyer: report
The Committee on Foreign Investment in the United States (CFIUS) spent months reviewing the deal for national security risks but referred the decision to Biden in December, after failing to reach ...