Nippon Steel Corp. and U.S. Steel Corp. intend to prove in a lawsuit that U.S. President Joe Biden was politically motivated in blocking the Japanese steel giant’s proposed takeover.

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Japan Steel, U.S. Steel Aim to Prove Biden Was Politically Motivated in Blocking Takeover Deal

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On January 3, 2025, President Biden issued an executive order (the “Order”) prohibiting the proposed acquisition of United States Steel Corporation (“U.S. Steel”) by Japan-based Nippon Steel Corporation (“Nippon Steel”) on the basis that the transaction could threaten to impair the national security of the United States (the “Order”).  The Committee on Foreign Investment in the United States (“CFIUS”) referred the transaction to the President on…

LexBlog

President Biden Issues Order Blocking the Proposed Acquisition of United States Steel Corporation by Nippon Steel Corporation, and The Parties Sue for a New Review

Nippon Steel Corporation and United States Steel Corporation have issued the following statement on President Biden’s decision to block their proposed transaction. We are dismayed by President Biden’s decision to... The post Nippon Steel and US Steel ‘dismayed’ at Biden call appeared first on The Metal Packager.

The Metal Packager

Nippon Steel and US Steel 'dismayed' at Biden call - The Metal Packager

President Biden blocked Nippon Steel's bid to buy U.S. Steel, the region's largest source of air pollution. What might that mean for air quality? The post How could blocking Nippon Steel’s bid to buy U.S. Steel impact the region’s air quality? appeared first on The Allegheny Front.

The Allegheny Front

How could blocking Nippon Steel's bid to buy U.S. Steel impact the region’s air quality?

Shareholders of what was once the world's largest steel company, U.S. Steel, did not receive a nice New Year's gift. There have been confirmed indications that outgoing US President Joe Biden will block the acquisition of Japanese steel company Nippon Steel, citing national security. This also happened on January 3. According to...

Akcionáři kdysi největšího ocelářského koncernu na světě U.S. Steel nedostali pěkný novoroční dárek. Potvrdily se náznaky, že končící americký prezident Joe Biden zablokuje s odvoláním na národní bezpečnost akvizici japonským ocelářským koncernem Nippon Steel. To se také 3. ledna stalo. Podle...

Miliardovou ocelářskou akvizici mají zachránit žaloby. A změna Trumpova postoje, věří šéf americké U.S. Steel

Hospodářské Nnoviny (HN.cz)

Lawsuits to save billion-dollar steel acquisition. And Trump's change of attitude, believes the head of U.S. Steel

WASHINGTON, DC, USA – Nippon Steel and US Steel have filed a lawsuit against the US government, alleging that President Joe Biden improperly blocked a $14.9 billion takeover of the American steel giant to gain political favour with trade unions. The companies claim the decision ignored established procedures and jeopardises foreign investment in the United States. Allegations of Political Interference In their lawsuit, Nippon Steel and US Steel …

thetrentonline.com

Japan's Nippon Steel and US Steel Sue Biden Administration Over Blocked Takeover

Japan-based Nippon Steel Corp. and U.S. Steel Corp. asked a federal court Jan. 6 to set aside the Biden administration's "illegal and improper" decision to block Nippon Steel's acquisition of the American firm. Their lawsuit also urges the U.S. Court...

exportcompliancedaily.com

Japan’s Nippon Steel Seeks New CFIUS Review of Bid to Buy US Steel

President Biden cited national security as his motivation. Nippon Steel and U.S. Steel have filed federal lawsuits challenging President Biden’s decision to block Nippon’s $15 billion acquisition of…

Japan Steel, U.S. Steel Aim to Prove Biden Was Politically Motivated in Blocking Takeover Deal

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