WASHINGTON — Nippon Steel and U.S. Steel are filing a federal lawsuit challenging the Biden administration’s decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S. Steel. The suit, filed Monday in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies’ due process. “From the outset of the process, both Nippon Steel and U.
Comment on Nippon and US Steel file suit after Biden administration blocks $15 billion deal
Fatima Hussein, Chicago Tribune: Business
Mon, 01/06/2025 - 5:42am
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