US Steel and Nippon sue Biden administration, Steelworkers union and Cleveland-Cliffs over their blocked merger
US Steel and Nippon, whose $14.3 billion merger was blocked by President Joe Biden last week, filed a lawsuit against the US government Monday, claiming Biden’s executive order to bar the companies from combining was signed for “purely political reasons.
A 123-year-old steelmaker’s fate could yet become a restraint on modern-day executive power. United States Steel and suitor ...
US Steel (NYSE:X) dropped 1.7% at least party as Cleveland-Cliffs (CLF) CEO Lourenco Goncalves appeared to be less interested ...
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.
The companies argued in a lawsuit announced on Monday that Biden violated the Constitution by blocking the merger via a sham ...
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 ...
India’s largest steelmaker has been sidelined by a legal dispute that’s derailed its deal to buy a coal concession in ...
Nippon Steel is poised to expand its operations in the U.S. and India as it hunts for growth and protection from cheap ...
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The CEO of Cleveland-Cliffs – a Nippon and U.S. Steel competitor – argues suing his company and the Biden administration is ...
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