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.
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 acquisition of the second-largest domestic steel producer by Nippon for nearly $15 billion would threaten U.S. national security, the Biden administration said.
2hon MSN
President Joe Biden decided to block the $14 billion takeover of US Steel by Japan’s Nippon Steel even though some top US ...
U.S. President Joe Biden's decision to block Nippon Steel's $14.9 billion bid for U.S. Steel casts a shadow over Secretary of ...
America Reports' panelists Lou Basenese and Dan Greenhaus unpack why U.S. Steel and Nippon Steel are suing the Biden ...
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