The hearing for a lawsuit that Nippon Steel and U.S. Steel brought against U.S. President Joe Biden's administration is scheduled for February and March, Kyodo news agency reported on Monday, without citing sources.
The bid by Japan's Nippon Steel to buy U.S. Steel may have a new lease on life after the Biden Administration extended a deadline for the Japanese steelmaker to abandon plans to acquire the storied Pittsburgh company after President Joe Biden blocked the deal.
Japan Prime Minister Shigeru Ishiba asked U.S. President Joe Biden to allay concerns in the Japanese and U.S. business communities over the status of Nippon Steel’s 5401.T planned acquisition of U.S.
Another Joe from Delaware—the one finishing up his final days in the White House—apparently sees himself in the same light, having stepped in to nix a $15 billion deal between U.S. Steel and Japan’s Nippon Steel.
U.S. Steel and Nippon Steel filed a separate lawsuit in the U.S. Court of Appeals in Washington, D.C., against the Biden administration to overturn the order and force a new review that could potentially lead to the deal. The Pittsburgh suit against Cliffs and McCall doesn't have any bearing on that decision.
We believe he blocked our deal over electoral politics, not security.
It’s not too late for our judicial system to intervene and do what’s right for the American people and our allies.
The companies, whose $55 a share cash deal to acquire U.S. Steel was first proposed Dec. 18, 2023, are working against a June 18 deadline for the merger.
The Biden administration has given U.S. Steel and Japan’s Nippon Steel an extra six months to ditch their merger, keeping the deal alive as litigation unfolds over whether a national security panel’s review of it was tainted by political considerations.
There’s renewed uncertainty over U.S. Steel’s future after President Biden decided to block Nippon Steel’s acquisition bid, worth over $14 billion, citing national security.
Local steelworkers are holding out hope that the U.S. Steel sale with Nippon Steel goes through. A Philadelphia sports fan, who went on a misogynistic tirade against a female Green Bay Packers fan in viral video, lost his job and won't be allowed to ever attend another Eagles home game, officials said Tuesday.
In an op-ed for the Wall Street Journal, Takahiro Mori, Nippon Steel’s vice chairman and representative director, argued that the Committee on Foreign Investment in the United States’s review ...