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US Steel, Nippon Steel Sue Biden Administration, Cleveland-Cliffs, Union In Response To Blocked Merger
Monday, January 6, 2025 - 2:08pm | 744United States Steel Corp (NYSE:X) and Nippon Steel Corp. have filed lawsuits against the Biden administration in response to President Joe Biden’s blocking of the steelmakers’ $14.9 billion deal. What Happened: U.S. Steel and Nippon Steel filed multiple lawsuits on Monday in response to...
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Nippon Steel Proposes Biden Government Veto Over US Steel's Production Output In Bid To Secure Acquisition
Tuesday, December 31, 2024 - 6:17pm | 475Nippon Steel (OTC:NPSCY) proposed granting the U.S. government veto power over reductions in U.S. Steel Corp’s (NYSE:X) production capacity in a bid to secure approval from President Joe Biden for its $14.9 billion acquisition of the American steelmaker. The Washington Post, which first...
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US Steel CEO David Burritt Blasted By United Steelworkers President After $15B Deal With Nippon Steel Comes Under Biden Administration Scrutiny: 'Get A Decent CEO'
Thursday, September 5, 2024 - 11:18pm | 660As President Joe Biden prepares to block the deal between Nippon Steel Corp (OTC:NPSCY) and United States Steel (NYSE:X), the head of United Steelworkers says that the Japanese steelmaker needs to rework its deal and suggested American company’s board to replace the CEO to win the union's...
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John Fetterman Speaks Out Against U.S. Steel Acquisition: 'I'm Gonna Do Everything I Can To Block It'
Monday, December 18, 2023 - 6:17pm | 582United States Steel Corporation (NYSE: X) announced Monday that it will be acquired by Japan-based Nippon Steel Corporation in a transaction valuing the company at $14.9 billion. Several prominent figures voiced strong reactions to the deal, including U.S. Senator John Fetterman (D-PA)...