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.
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.
President Biden blocked the deal between Nippon and U.S. Steel earlier this month due to "national security" concerns.
Nippon Steel and U.S. Steel sued President Joe Biden on Monday over his decision to bar them from joining forces, alleging that he had violated their constitutional rights to due process in a ...
As he signed a sweeping executive order in July 2021 intended to crack down on anticompetitive business practices, President Joe ... U.S. Steel's acquisition by Nippon Steel, Biden apparently ...
By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden says he is protecting good jobs in the American heartland
U.S. Steel and Nippon Steel said on Monday that it is suing over President Joe Biden's decision to block its sales agreement and a domestic competitor and union over their actions to scuttle the deal.
The steel companies allege White House decision to block takeover was political and violated their right to due process.
Almost as soon as President Joe Biden announced he would block Nippon Steel’s acquisition of U.S. Steel, the caterwauling began. The U.S. Steel CEO and some economists complained that Biden’s ...
Donald Trump can accomplish all those goals in one action: reversing Joe Biden’s silly attempt to block Nippon’s acquisition of U.S. Steel. A deal that escaped Joe Biden is still within reach.
Separate lawsuits from Nippon Steel and U.S. Steel target President Joe Biden as well as a steelworkers union head and a rival steelmaker’s CEO.
WASHINGTON, Jan 6 (Reuters) - U.S. President Joe Biden unlawfully blocked Nippon Steel's (5401.T), opens new tab $14.9 billion bid for U.S. Steel (X.N), opens new tab through a sham national ...