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Nippon Steel and U.S. Steel filed 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. The suit, filed Monday in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies’ … Read more
U.S. President Joe Biden on Friday followed through on his pledge to block Nippon Steel’s US$14.9 billion bid for U.S. Steel, citing concerns the deal could hurt national security. The move, long expected, cuts off a critical lifeline of capital for the beleaguered American icon, which has said it would have to idle key mills … Read more
Trump says he will block Japan’s Nippon from buying U.S. Steel – National | Globalnews.ca President-elect Donald Trump is underscoring his intention to block the purchase of U.S. Steel by Japanese steelmaker Nippon Steel Corp., and he’s pledging to use tax incentives and tariffs to strengthen the iconic American steelmaker. Trump had vowed early in … Read more