US Steel, Nippon sue Biden over move to block $14B deal: ‘Shameful and corrupt’
The lawsuit, filed in a federal court in Washington, accused Biden and senior administration officials of corrupting the deal ...
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 ...
Biden blocked US Steel and Nippon merger. The companies are now suing the US government
The lawsuit alleges that the Biden administration “ignored the rule of law” and rejected the merger to curry favor with the ...
Nippon Steel’s doomed $15B deal with Biden administration had unlikely opposition – a rival CEO: bombshell docs
Cliffs, which made a failed $7 billion bid for US Steel in August 2023, participated in at least nine calls assuring ...
U.S. Steel, Nippon Steel file lawsuits to keep $14.9B deal alive
There are two separate lawsuits, including one against rival Cleveland-Cliffs and the president of United Steelworkers.
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Fate of US Steel’s deal with Japan’s Nippon is now up to Biden, sources say
Both US Steel and Nippon have maintained that the deal poses no national security threat. The companies each put out statements Monday night saying CFIUS notified them that it failed to reach a ...
U.S. Steel and Nippon Steel sue Biden administration for blocking their $15 billion deal
The steel companies allege White House decision to block takeover was political and violated their right to due process.