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Nippon, US Steel challenge blocked deal

U.S. Steel sues to salvage its sale to Japan's Nippon Steel

U.S. Steel and its would-be Japanese suitor filed twin lawsuits Monday to defend their $15 billion merger. President Biden issued an order on Friday to block the deal, citing national security concerns.

Investopedia on MSN · 7h

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.

Newsweek on MSN · 7h

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.

1don MSN

X down: U.S. Steel stock falls 7% after President Joe Biden blocks takeover by Japanese giant Nippon Steel

The acquisition was controversial as some argued foreign ownership over one of America’s largest steel producers posed a ...

6don MSN

Japanese buyer sends Biden new U.S. Steel proposal in final bid for support

Nippon Steel sent a new proposal in its bid to buy U.S. Steel, including giving the U.S. government a veto over any reduction ...

PBS3d

Why Biden cited national security concerns as he blocked a Japanese bid to buy U.S. Steel

President Biden said he would block the sale of one of America’s most iconic companies to a Japanese firm. In December 2023, Nippon Steel announced it would buy U.S. Steel for more than $14 billion.

2don MSN

President Biden blocks Japanese takeover of U.S. Steel. What does it mean for Gary, Indiana steel mill?

Gary Mayor Eddie Melton supported the merger, saying Nippon Steel had committed $300 million to upgrade the Gary Works steel ...

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