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U.S. Extends Deadline for Nippon Steel to Abandon U.S. Steel Deal
The U.S. steelmaker said a federal interagency panel had granted an extension to June 18 for the requirement in President Biden’s executive order that the parties permanently abandon the transaction.
Biden admin delays enforcement of order blocking Nippon Steel, US Steel deal, companies say
The Biden administration delayed until June an order for Nippon Steel to abandon its $14.9 billion bid for U.S. Steel , the companies said on Saturday, giving them some time to revive the politically contentious deal.
Nippon, US Steel file suit against Biden administration, union, and rival after $15B deal scuttled
The suit, filed in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies’ due process.
Biden administration delays deadline for U.S. Steel, Nippon Steel to kill merger
The Biden administration has given U.S. Steel and Japan’s Nippon Steel an extra six months to ditch their merger, keeping the deal alive as litigation unfolds over whether a national security panel’s review of it was tainted by political considerations.
Nippon Steel lawsuit against Biden could buy time to keep U.S. Steel deal alive
The companies argued in a lawsuit announced on Monday that Biden violated the Constitution by blocking the merger via a sham national security review that deprived the companies of their right to a fair process.
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.
U.S. Steel and Nippon Sue Biden Over Decision to Block Merger
U.S. Steel and Japan’s Nippon Steel sued the United States government on Monday in a last-ditch attempt to revive their attempted merger after President Biden blocked it last week on the basis that the transaction posed a threat to national security.
LA Fire Death Toll Rises, Nippon Steel-US Steel Deadline Extended, More
Bloomberg News Now is a comprehensive audio report on today's top stories. Listen for the latest news, whenever you want it, covering global business stories around the world.
Nippon Steel and U.S. Steel Get Extended Deadline for Acquisition Amid Legal Challenges
Nippon Steel and U.S. Steel's acquisition plan deadline extended to June 18 after legal challenges and Biden's intervention.
10h
on MSN
Japan PM asks Biden to allay business community concern over status of Nippon steel-U.S. Steel deal, Jiji says
Japan Prime Minister Shigeru Ishiba asked U.S. President Joe Biden to allay concerns in the Japanese and U.S. business ...
Chattanooga Times Free Press
1d
Nippon purchase of U.S. Steel would strengthen national security
Japan's Nippon Steel agreed to acquire the struggling U.S. Steel in a win-win deal that would bring much needed capital ...
6d
on MSN
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 acquisition and ...
7d
on MSN
Nippon Steel may sue US government over Biden’s decision to block US Steel acquisition
Nippon Steel, whose multibillion-dollar proposal to buy struggling US Steel was blocked by President Joe Biden last week, ...
6d
Nippon Steel’s Thwarted Bid Sets Up Tougher Rivalry With Chinese Mills
Nippon Steel Corp.’s thwarted bid to expand in the US could mean tougher competition for Chinese mills in an already ...
Opinion
4d
Opinion
Mitch McConnell: Nippon Steel Isn’t the Enemy
By blocking the merger with U.S. Steel, Biden sells out American industry, workers and national security to Big Labor.
3d
on MSN
President Carter 'would not have intervened' in the US-Nippon Steel deal, says Alan Wolff
Alan Wolff, Peterson Institute for International Economics distinguished visiting fellow, joins 'Squawk Box' to discuss ...
5d
on MSN
US rejection of Nippon Steel’s bid for US Steel rankles Washington’s key ally in Asia
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 ...
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