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Japan’s Nippon Steel and U.S. Steel are suing the Biden administration after their $14.9 billion merger was blocked over national security concerns, alleging political interference.
Nippon Steel vows to continue its pursuit of U.S. Steel, challenging President Biden’s decision to block the $14.1 billion acquisition over national security concerns.
Nippon Steel and U.S. Steel are suing President Biden’s administration over the blocking of their proposed merger, accusing the U.S. government of “illegal interference” for “purely political reasons.”
The U.S. blocks Nippon Steel’s $14.3B bid to acquire U.S. Steel, raising questions about global trade and strategic partnerships.
President Biden blocks Nippon Steel’s $14.9 billion acquisition of US Steel, citing national security concerns over foreign control of a key industry.