Mr. Biden says he blocked the $14 billion takeover of U.S. Steel by Japan’s Nippon Steel on the grounds the sale was a threat to national security. A portion of U.S. Steel's Edgar Thomson plant at ...
A second lawsuit targets the international president of the steelworkers union, David McCall, and a rival steelmaking company, Cleveland Cliffs, which had made its own offer for U.S. Steel. That suit, ...
(The Center Square) – U.S. Steel said Monday that union corruption toppled the company’s overseas buyout and pressured regulators to ignore the law in the organization’s favor. Lawsuits ...
with Republican President-elect Donald Trump and incoming vice president JD Vance also campaigning against the sale. "This acquisition would place one of America's largest steel producers under ...
Nippon Steel Corp. is set to file a lawsuit in response to US President Joe Biden’s decision to block its US$14.1 billion takeover of United States Steel Corp., sources close to the matter said ...
U.S. Steel’s president and CEO declared President Biden’s decision to block the company from being acquired by the Japanese corporation Nippon Steel “shameful” and “corrupt” in a ...
President Biden announced Friday that he is blocking the $15 billion proposal by Japan's Nippon Steel to buy U.S. Steel after a government panel recently failed to reach consensus on the possible ...