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US Steel and Nippon Steel sue Biden administration over blocked $14.9 billion merger
Jan 07, 2025•over 1 year ago
Contract Type
agreement
PittsburghManufacturingMiningPrecious Metals
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.
Company Information
Company
United States Steel
Location
Pittsburgh, Pennsylvania, United States
About
United States Steel Corp. is a prominent American steel company with a focus on steel production and related services. It has been a key player in the US steel industry and is currently the subject of a major acquisition by Nippon Steel Corp.
Predictive Intelligence
Strategic
ML-powered predictions for United States Steel's next move
PittsburghManufacturingMiningPrecious Metals