US Steel and Nippon sue Biden administration, Steelworkers union and Cleveland-Cliffs over their blocked merger
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 companies from combining was signed for “purely political reasons.
The companies argued in a lawsuit announced on Monday that Biden violated the Constitution by blocking the merger via a sham ...
1don MSN
Trump opposes U.S. Steel's sale to Nippon, but CEO David Burritt believes he can convince the president-elect that the deal ...
The steel companies allege White House decision to block takeover was political and violated their right to due process.
Nippon Steel said it wouldn't be deterred by Biden’s decision last week to block its $15 billion bid for the storied U.S.
By David Brunnstrom, Simon Lewis, Trevor Hunnicutt and Tim Kelly WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden's ...
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