Yellen says CFIUS made thorough analysis of blocked US Steel-Nippon Steel merger
U.S. Treasury Secretary Janet Yellen said on Wednesday that Nippon Steel's planned acquisition of U.S. Steel received a "thorough analysis" by an interagency review body that was sent to President Joe Biden,
Nippon, US Steel file suit against Biden administration, union, and rival after $15B deal scuttled
The suit, filed in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies’ due process.
Ramstad: U.S. Steel should have gone to Nippon. Blocking the deal will harm Minnesota’s Iron Range
President Joe Biden last week capitulated to uneconomic thinking by blocking Nippon Steel’s purchase of U.S. Steel. That decision will ultimately harm Minnesota’s Iron Range.
U.S. Steel and Nippon Sue Biden Over Decision to Block Merger
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 that the transaction posed a threat to national security.
Local leaders host VP of Nippon Steel to discuss Biden blocking deal with US Steel
The companies also filed a second suit against the head of the United Steelworkers union and steel company Cleveland Cliffs, claiming the two worked together to block the U.S. Steel and Nippon deal. Download the FREE WPXI News app for breaking news alerts.
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 merger between the two companies. A proposed acquisition of the second-largest domestic steel producer by Nippon for nearly $15 billion would threaten U.S. national security, the Biden administration said.
US Steel, Nippon Sue Biden for Blocking $15 Billion Deal
President Biden blocked the deal between Nippon and U.S. Steel earlier this month due to "national security" concerns.
Nippon Steel says there’s no Plan B to blocked U.S. Steel deal
There is no reason—or need—to give up on this deal,” Eiji Hashimoto, chairman and chief executive officer of the Japanese steelmaker, told reporters.
US Steel CEO on lawsuit to Biden administration following dissolved merger with Nippon Steel
David Burritt, US Steel CEO, joins 'Squawk on the Street' to discuss the company's decision to partner with Nippon Steel to sue the Biden administration following the fallen merger.
Nippon Steel stands firm on a US Steel takeover and denies risks cited by Biden
Nippon Steel Chief Executive Eiji Hashimoto says the top Japanese steelmaker is standing firm on its proposed $15 billion ...
Nippon Steel lawsuit against Biden could buy time to keep U.S. Steel deal alive
The companies argued in a lawsuit announced on Monday that Biden violated the Constitution by blocking the merger via a sham ...
Republicans outraged at Biden's block of US Steel sale to Nippon; Gov. Shapiro opts not to comment
Justin Baldoni’s lawyer Bryan Freedman appeared on an episode of “The Megyn Kelly Show” where the former Fox News host played ...
Nippon Steel may sue US government over Biden’s decision to block US Steel acquisition
Nippon Steel, whose multibillion-dollar proposal to buy struggling US Steel was blocked by President Joe Biden last week, ...
Despite Nippon Steel, US and Japan say ties stronger than ever
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
US rejection of Nippon Steel's bid for US Steel rankles Washington's key ally in Asia
President Joe Biden’s decision to reject a bid by Nippon Steel to acquire U.S. Steel isn’t the first time friction over trade ...
FirstFT: Nippon Steel’s bet on Trump
Nippon Steel and US Steel are betting Donald Trump can be persuaded to back their $15bn deal, accusing President Joe Biden of blocking the transaction to win union support in last year’s presidential ...
Shapiro challenged to back U.S. Steel lawsuit or lose to Ohio
Gov. Josh Shapiro faces a new challenge after the White House blocked U.S. Steel’s overseas acquisition. Join the lawsuit the ...