Nippon, US Steel File Suit After Biden Blocks $15 Billion Deal
Financial Express Mumbai|January 07, 2025
NIPPON STEEL and US Steel filed a federal lawsuit challenging the Biden administration's decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based US Steel and said that the head of the Steelworkers union and a rival steelmaker worked together to scuttle the buyout.
Nippon, US Steel File Suit After Biden Blocks $15 Billion Deal

The suit, filed Monday 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.

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