U.S. Steel and Nippon Sue Biden Over Decision to Block Deal
Posted inBiden, Joseph R Jr Cleveland-Cliffs Inc Committee on Foreign Investment in the United States (CFIUS) Foreign Investments Goncalves, Lourenco McCall, David Mergers, Acquisitions and Divestitures Nippon Steel Corporation Steel and Iron Suits and Litigation (Civil) United States Steel Corporation United Steelworkers of America

U.S. Steel and Nippon Sue Biden Over Decision to Block Deal

The companies argue in a lawsuit that the process of reviewing the transaction was corrupted by politics.
National Security Committee Forgoes Decision on U.S. Steel Acquisition
Posted inBiden, Joseph R Jr Committee on Foreign Investment in the United States (CFIUS) Mergers, Acquisitions and Divestitures Nippon Steel Corporation Steel and Iron United States Economy United States International Relations United States Steel Corporation United Steelworkers of America

National Security Committee Forgoes Decision on U.S. Steel Acquisition

The Committee on Foreign Investment in the United States kicked a decision over the merger with Japan’s Nippon Steel to President Biden, who is expected to block the deal.
U.S. Blowback to Nippon Steel-U.S. Steel Merger Vexes Japan
Posted inBiden, Joseph R Jr Committee on Foreign Investment in the United States (CFIUS) Foreign Investments International Relations Japan Mergers, Acquisitions and Divestitures Nippon Steel Corporation Steel and Iron United States United States Economy United States Steel Corporation United Steelworkers of America

U.S. Blowback to Nippon Steel-U.S. Steel Merger Vexes Japan

A looming decision in Washington to block Nippon Steel’s merger with U.S. Steel on national security grounds is raising sharp questions in Tokyo.
Nippon Steel’s $15 Billion U.S. Steel Takeover Bid Is in Peril
Posted inChina Cleveland-Cliffs Inc Foreign Investments Japan Mergers, Acquisitions and Divestitures Nippon Steel Corporation Pennsylvania Presidential Election of 2024 Steel and Iron United States United States Steel Corporation United Steelworkers of America

Nippon Steel’s $15 Billion U.S. Steel Takeover Bid Is in Peril

The proposed merger of Japanese and American industrial giants, which proponents say would benefit both countries, is ensnared by political and labor opposition.