Nippon Steel, US Steel file lawsuit after Biden ... - Associated Press News
3 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 · The U.S. market remains a key part of Nippon Steel’s global strategy, said Hashimoto. U.S. Steel Corp. has accused the Biden administration of interference. “We will vigorously defend our rights to complete this transaction and secure the future of U.S. Steel,” the Pittsburgh-based manufacturer said in a recent statement.
U.S. Steel and Nippon Sue Biden Over Blocked Merger
3 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 ...
US rejection of Nippon Steel's bid for US Steel rankles …
2 days 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 ...
US Steel and Nippon sue Biden administration, Steelworkers …
3 days ago · US Steel and Nippon, whose $14.3 billion merger was blocked by President Joe Biden last week, filed a lawsuit against the US government Monday, claiming Biden’s executive order to bar the ...
Nippon Steel Corporation and U. S. Steel Condemn U.S.
6 days ago · Companies will take all appropriate action to protect their legal rights. TOKYO & PITTSBURGH--(BUSINESS WIRE)-- Nippon Steel Corporation ("Nippon Steel") (TSE: 5401) and United States Steel Corporation ("U. S. Steel") (NYSE: X) today issued the following statement on President Biden’s decision to block their proposed transaction.
Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon
6 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.
Biden blocks Japan’s Nippon from taking over US Steel
6 days ago · President Joe Biden said Friday he is blocking a $14.3 billion acquisition of US Steel by Japan’s Nippon Steel, marking a significant use of executive authority in the closing days of his ...
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...
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 ...
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