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.
In dual lawsuits filed Jan. 6, U.S. Steel Corp. and Nippon Steel Corp. blame the Biden administration's politicizing its national-security review as well as the behind-the-scenes actions by rival Cleveland-Cliffs Inc. and United Steelworkers International President David McCall for scuttling the $14.9 billion deal.
In the wake of President Joe Biden blocking Nippon Steel's bid to buy U.S. Steel, Cleveland-Cliffs has renewed its offer to become the new owner of the once-mighty steel giant. In prior ...
Separate lawsuits from Nippon Steel and U.S. Steel target President Joe Biden as well as a steelworkers union head and a rival steelmaker’s CEO.
President Biden blocked the deal between Nippon and U.S. Steel earlier this month due to "national security" concerns.
President Joe Biden has blocked Japanese steel giant ... The trouble is, these risks were fabricated to benefit Cleveland-Cliffs, an American steelmaker that bid unsuccessfully to acquire the ...
Blocking Nippon Steel from acquiring U.S. Steel lays the groundwork for a major consolidation of American steelmaking that will harm consumers and the economy.
In dual lawsuits filed Monday, United States Steel Corp. and Nippon Steel Corp. blame the Biden administration's politicizing its national-security review and behind-the-scenes actions by a rival.
We recently compiled a list of the Jim Cramer Recently Discussed These 15 Stocks & The California Wildfires. In this article, we are going to take a look at where Cleveland-Cliffs Inc. (NYSE:CLF) stands against the other stocks Jim Cramer recently discussed.
An all-American bid for U.S. Steel is shaping up to push Nippon out. But the problem is the new bid is much weaker, and it would likely not save jobs
Lawyers for U.S. Steel, Nippon and Cleveland-Cliffs sparred Friday morning in a Pittsburgh courtroom. Here's what went down.