U.S. Steel, Its Merger Blocked, Faces Stark Alternatives
The onetime dynamo is fighting to revive a takeover by Nippon Steel. Other tie-ups could also face obstacles, and going it alone could force cutbacks.
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 blocked acquisition of U.S. Steel received a "thorough analysis" by an interagency national security review body that was sent to President Joe Biden.
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 and U.S. Steel sue Biden administration over blocked deal
Separate lawsuits from Nippon Steel and U.S. Steel target President Joe Biden as well as a steelworkers union head and a rival steelmaker’s CEO.
Lawsuit alleges Biden blocked US Steel-Nippon Steel merger for political reasons
The lawsuit in the U.S. Court of Appeals for the District of Columbia alleges that the Biden administration used the government review process as a pretext to reject the merger as
US Steel, Nippon Steel Sue US Government Over Blocked $14.1B Deal
U.S. Steel and Nippon Steel said Monday they are suing the U.S. government over President Joe Biden’s blocking last week of the $14.1 billion sale of the iconic American company to the Japanese firm on national security grounds.
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 acquisition of U.S. Steel
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 United Steelworkers union.
Nippon, US Steel file suit against Biden administration, union, and rival after $15B deal scuttled
Nippon Steel and U.S. Steel are filing 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
Nippon Steel bets on Trump to salvage $15bn US deal
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 election.
U.S. Steel CEO appeals to Trump after Biden blocks deal with Japanese firm
President-elect Trump has also opposed Nippon Steel's $15 billion acquisition of U.S. Steel, which President Biden blocked last week.
US Steel spat strengthens case for deal guardrails
A 123-year-old steelmaker’s fate could yet become a restraint on modern-day executive power. United States Steel and suitor ...
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What next for US Steel?
Overturning Mr Biden’s decision in court will be tough. Judges give wide latitude to the executive on matters of national ...
Japanese steelmaker vows not to give up on buying U.S. Steel
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.
United States Steel: Dead Deal Creates Income Opportunities
United States Steel’s earnings and margins decline in 2024. Learn why X stock is slightly overvalued at $30, with a fair ...
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 ...
Rise of US Steel paralleled the arrival of the United States on the world stage
President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan’s Nippon Steel — something he had first vowed ...
Biden killed US Steel deal even though some US officials rejected national security concerns
President Joe Biden decided to block the $14 billion takeover of US Steel by Japan’s Nippon Steel even though some top US ...
Nippon Steel and US Steel rival denies bombshell lawsuit claims: 'We are armored through the teeth'
The CEO of Cleveland-Cliffs – a Nippon and U.S. Steel competitor – argues suing his company and the Biden administration is ...