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Nippon Steel and US Steel: One last chance, Mr Trump

President Biden rejected Nippon Steel's bid to buy US Steel, citing national security concerns, despite the Committee on Foreign Investment in the United States not sharing this view.
US Steel and Nippon Steel filed a lawsuit against Biden's decision, claiming it was unconstitutional.
US Steel President David Burritt believes the deal is beneficial for the company and its workers, stating, 'What we want is for due process to work.'
The decision has caused dissatisfaction among US Steel employees and local communities, who feel their interests were overlooked.

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U.S. Steel CEO appeals to Trump after Biden blocks deal with Japanese firm

President-elect Trump has also opposed Nippon Steel's $15 billion acquisition of U.S. Steel, which President Biden blocked last week.

2 months ago·United States

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CNBC

U.S. Steel CEO calls for Trump to take fresh look at Nippon deal, slams Biden decision as corrupt

Trump opposes U.S. Steel's sale to Nippon, but CEO David Burritt believes he can convince the president-elect that the deal is in the interest of U.S. workers.

2 months ago·United States

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Fox Business

Nippon Steel and US Steel rival denies bombshell lawsuit claims: 'We are armored through the teeth'

After being named in a separate Nippon Steel and U.S. Steel lawsuit against the Biden administration’s decision to block the nearly $15 billion buyout deal, the CEO of Cleveland-Cliffs is speaking out over its racketeering and anti-competitiveness allegations."My response [will] be given in court. And I have never had so much time to prepare for a lawsuit that I knew that was coming. So we are armored through the teeth and the Japanese will lear…

2 months ago·United States

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OpsLens

Steelmakers Sue Biden Admin Over Blocked $15 Billion Acquisition

Nippon Steel and U.S. Steel have filed lawsuits against the Biden-Harris administration, accusing it of unlawfully blocking a nearly $15 billion acquisition deal. The Japanese steel giant’s proposed purchase of the American steelmaker was halted by the administration, citing national security concerns. However, the companies argue that the decision not only jeopardizes U.S. Steel’s

2 months ago

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American Greatness

US Steel, Nippon Steel Sue Biden Administration over Blocking of Merger › American Greatness

On Monday, the steel companies U.S. Steel and Nippon Steel filed a lawsuit against the Biden Administration over its decision to block a merger between […] Source

2 months ago·United States

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