US Steel and Nippon Steel sue Biden administration over blocked $14.9 billion merger
Jan 07, 2025•6 months ago
Contract Type
agreement
Description
US Steel and Nippon Steel have filed a lawsuit against the Biden administration, alleging that President Biden unlawfully blocked the $14.9 billion bid for US Steel by Nippon Steel. They are seeking a federal appeals court to overturn the decision and secure another shot at approval through a fresh national security review.
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