Nippon Steel and U.S. Steel Sue Biden Administration Over Blocked Merger
Japan’s Nippon Steel and U.S. Steel have sued the Biden administration after their proposed $14.9 billion merger was blocked on national security grounds.
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Japan’s Nippon Steel and U.S. Steel have sued the Biden administration after their proposed $14.9 billion merger was blocked on national security grounds.
Japan’s Nippon Steel and U.S. Steel have sued President Biden over the blocked $15 billion merger, alleging illegal interference. Analysts warn the move may deter global investments in the U.S.
Nippon Steel and U.S. Steel have filed lawsuits against the Biden administration, accusing it of illegal interference in their proposed merger after the U.S. blocked the acquisition for political reasons.
President Biden has blocked Nippon Steel’s $14.9 billion acquisition of U.S. Steel Corp., citing national security and supply chain concerns, halting a major foreign takeover of an American steel producer.
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