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US Steel and Nippon Steel sue Biden administration over blocked $14.9 billion merger

US Steel and Nippon Steel sue Biden administration over blocked $14.9 billion merger

01/07/25, 3:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgpittsburgh
Money
$14.9 billion
Industry
mining
manufacturing
Type
agreement
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.

Company Info

Company
U.S. Steel
Location
pittsburgh, pennsylvania, united states
Additional Info
U.S. Steel Corp. is a historic American steel company with a legacy dating back to 1901. The company is known for its significant contribution to the American steel industry and its commitment to providing high-quality steel products.