News Formal

Nippon Steel and U.S. Steel Sue Biden Administration Over Blocked Merger

  • 📰 AP
  • ⏱ Reading Time:
  • 23 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 51%

Business News

Merger,Steel Industry,Biden Administration

Nippon Steel and U.S. Steel are taking legal action against the Biden administration after their proposed $15 billion merger was blocked. The companies argue that the decision is politically motivated and harmful to American workers.

Nippon, US Steel file suit after Biden administration blocks $15 billion dealHere's your 2025 guide to the night sky and other celestial wow momentsMusk helped kill a congressional spending bill. But much of what he spread was misinformationHow drinking alcohol can affect your healthWorking Well: Returning to the office can disrupt life.

“From the outset of the process, both Nippon Steel and U. S. Steel have engaged in good faith with all parties to underscore how the Transaction will enhance, not threaten, United States national security, including by revitalizing communities that rely on American steel, bolstering the American steel supply chain, and strengthening America’s domestic steel industry against the threat from China,” the companies said in a prepared statement Monday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nippon Steel may sue US government over Biden’s decision to block US Steel acquisitionNippon Steel, whose multibillion-dollar proposal to buy struggling US Steel was blocked by President Joe Biden last week, says it is considering taking legal action against the US government.
Source: cnni - 🏆 326. / 59 Read more »

U.S. Steel and Nippon Steel Sue Biden Administration Over Blocked MergerNippon Steel and U.S. Steel are challenging the Biden administration's decision to block their proposed $15 billion merger in a federal lawsuit.
Source: wjxt4 - 🏆 246. / 63 Read more »

Nippon Steel to Sue US Government Over Blocked US Steel AcquisitionNippon Steel has announced plans to sue the US government after President Biden blocked their acquisition of US Steel, citing national security concerns. Nippon Steel claims the decision violates due process and was politically motivated. The deal, announced in December 2023, faced immediate political debate and pressure from steelworkers worried about job losses.
Source: mining - 🏆 449. / 53 Read more »