The hearing for a lawsuit that Nippon Steel and U.S. Steel brought against U.S. President Joe Biden's administration is scheduled for February and March, Kyodo news agency reported on Monday, without citing sources.
HARRISBURG, Pa. (AP) — The bid by Japan's Nippon Steel to buy U.S. Steel may have a new lease on life, even as the potential for a new bid for the storied Pittsburgh steelmaker began to emerge Monday. Lourenco Goncalves, the CEO of Ohio-based steelmaker ...
Japan Prime Minister Shigeru Ishiba asked U.S. President Joe Biden to allay concerns in the Japanese and U.S. business communities over the status of Nippon Steel’s 5401.T planned acquisition of U.S.
Another Joe from Delaware—the one finishing up his final days in the White House—apparently sees himself in the same light, having stepped in to nix a $15 billion deal between U.S. Steel and Japan’s Nippon Steel.
U.S. Steel and Nippon Steel filed a separate lawsuit in the U.S. Court of Appeals in Washington, D.C., against the Biden administration to overturn the order and force a new review that could potentially lead to the deal. The Pittsburgh suit against Cliffs and McCall doesn't have any bearing on that decision.
We believe he blocked our deal over electoral politics, not security.
It’s not too late for our judicial system to intervene and do what’s right for the American people and our allies.
The companies, whose $55 a share cash deal to acquire U.S. Steel was first proposed Dec. 18, 2023, are working against a June 18 deadline for the merger.
There’s renewed uncertainty over U.S. Steel’s future after President Biden decided to block Nippon Steel’s acquisition bid, worth over $14 billion, citing national security.
The argument is even less credible considering Japan hosts more than 50,000 US troops and in 2023 changed its laws so US-designed Patriot Missiles produced in Japan could be sold to the US to replenish stocks that had dwindled due to substantial shipments to Ukraine.
In an op-ed for the Wall Street Journal, Takahiro Mori, Nippon Steel’s vice chairman and representative director, argued that the Committee on Foreign Investment in the United States’s review ...
Hearing on Nippon Steel's Lawsuit Over U.S. Steel Bid Set for Feb-March, Kyodo Says TOKYO (Reuters) - The hearing for a lawsuit that Nippon Steel and U.S. Steel brought against U.S. President Joe ...