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

by admin January 6, 2025

written by admin January 6, 2025

U.S. Steel filed a lawsuit to defend its $15 billion sale to Nippon Steel of Japan. President Biden moved to block the sale on Friday, but the companies accuse Biden of playing politics and violating their due process rights.

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.

(Image credit: Rebecca Droke)

Original Article

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

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