Nippon Steel, US Steel file lawsuit after Biden’s decision to block …
2 days ago · WASHINGTON (AP) — Nippon Steel and U.S. Steel filed a federal lawsuit Monday challenging a Biden administration decision to block Nippon’s proposed $15 billion acquisition of the Pittsburgh company and said that the head of the Steelworkers union and a rival steelmaker worked together to scuttle the buyout.. In moving to block the transaction Friday, Biden said U.S. companies producing a ...
Nippon Steel stands firm on proposed $15 billion acquisition of US ...
2 days ago · TOKYO (AP) — Nippon Steel was standing firm on its proposed $15 billion acquisition of U.S. Steel, Chief Executive Eiji Hashimoto said Tuesday after President Joe Biden’s blocked the top Japanese steelmaker’s move. “There is no reason or need to give up,” he told reporters at company headquarters in Tokyo.
US Steel and Nippon Steel sue Biden administration over ... - ABC News
3 days ago · The suit claims Biden's actions were in part politically motivated. U.S. Steel and Japan-based Nippon Steel sued the Biden administration on Monday over a decision made last week to block a merger ...
Nippon, US Steel File Suit Against Biden Administration, Union, …
2 days ago · Nippon Steel and U.S. Steel are filing a federal lawsuit challenging the Biden administration’s decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S. Steel
US rejection of Nippon Steel's bid for US Steel rankles …
1 day ago · BANGKOK (AP) — 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.. There have been plenty of scraps over trade in the past few decades, and Secretary of State Anthony Blinken sought to smooth ruffled feathers in a visit ...
U.S. Steel and Nippon Sue Biden Over Blocked Merger
2 days ago · 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 ...
Nippon Steel and U. S. Steel File Multiple Lawsuits in Response to ...
2 days ago · View all news Nippon Steel and U. S. Steel File Multiple Lawsuits in Response to Wrongful Interference with the Proposed Acquisition of U. S. Steel. January 06, 2025 7:24 am EST Download as PDF ... Nippon Steel is the only partner both willing and able to make the necessary investments – including no less than $1 billion to Mon Valley Works ...
Nippon Steel Corporation and U. S. Steel Condemn U.S.
5 days ago · View all news Nippon Steel Corporation and U. S. Steel Condemn U.S. Government’s Unlawful Decision to Block Proposed Acquisition of U. S. Steel. ... We are committed to taking all appropriate action to protect our legal rights to allow us to deliver the agreed upon value of $55.00 per share for U. S. Steel’s stockholders upon closing.
Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon
5 days ago · President Biden blocked the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement on Friday based on grounds that the sale posed a threat to national security.
Fate of US Steel’s deal with Japan’s Nippon is now up to ... - CNN
Dec 23, 2024 · The fate of Nippon Steel’s acquisition of US Steel is now in the hands of Biden, who is expected to block it after arguing for months that the company should remain American-owned to protect...