Why the blocked US Steel deal still matters to Pittsburgh’s future
Steel was a defining technology of the industrial age, and President Joe Biden made it his goal to bring that back, even as industries like robotics take over.
Nippon, US Steel file suit against Biden administration, union, and rival after $15B deal scuttled
The suit, filed 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.
Biden blocks takeover of U.S. Steel by Japan's Nippon Steel
WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden blocked Nippon Steel's proposed $14.9 billion purchase of U.S. Steel on Friday, citing national security concerns, dealing a potentially fatal blow to the contentious plan after a year of review.
Nippon Steel Stands Firm on a US Steel Takeover and Denies Risks Cited by Biden
Nippon Steel Chief Executive Eiji Hashimoto says the top Japanese steelmaker is standing firm on its proposed $15 billion acquisition of U.S. Steel
Biden blocks $14 billion acquisition of US Steel by Japan’s Nippon Steel
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel.
Biden blocked US Steel and Nippon merger. The companies are now suing the US government
The lawsuit alleges that the Biden administration “ignored the rule of law” and rejected the merger to curry favor with the United Steelworkers union.
Nippon Steel bets on Trump to salvage $15bn US deal
Nippon Steel and US Steel are betting Donald Trump can be persuaded to back their $15bn deal, accusing President Joe Biden of blocking the transaction to win union support in last year’s presidential election.
U.S. Steel CEO appeals to Trump after Biden blocks deal with Japanese firm
President-elect Trump has also opposed Nippon Steel's $15 billion acquisition of U.S. Steel, which President Biden blocked last week.
Analysis-Nippon Steel lawsuit against Biden could buy time to keep U.S. Steel deal alive
Nippon Steel and U.S. Steel are unlikely to convince a court to scrap President Joe Biden's decision to block their $14.9 billion merger, but their lawsuit could give them more time to reach a deal with incoming President Donald Trump.
Opinion
The last battle for Pittsburgh steel | Opinion
The city lost half its population after the steel industry collapsed in the 1970s and 1980s, yet has clung to relevance as a mini-hub for medicine, robotics, and artificial intelligence. Now, 70 years ...
Why Japan Won’t Stop Trying to Invest in the U.S.
Japanese companies needing to grow have sought out American deals. Experts say that will not change even after Biden’s ...
Japanese company cannot buy US Steel: Biden rejects Nippon‘s $15 billion deal
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his vow in March to block the acquisition.
Milbank, Wachtell, Ropes and Pittsburgh Duo Aim to Save Nippon Steel-U.S. Steel Merger
Ropes & Gray, Milbank and Wachtell, Lipton, Rosen & Katz all advised on the $14 billion acquisition. They're joined in two ...
CBS News6d
Biden's rejection of U.S. Steel-Nippon Steel deal may spell demise of steelmaking in Mon Valley, officials say
And while Nippon promised to keep the headquarters in Downtown Pittsburgh and not shut down ... including government officials from Japan and allies and partners in the U.S., to take all ...
'Steel is all around us:' Despite uncertain future locally, U.S. Steel’s connection to this region and its people endures
President Joe Biden’s decision to thwart a Japanese firm from buying U.S. Steel doesn’t pen an obituary for the ...