Reported 2 days ago
Nippon Steel and United States Steel have initiated legal action following President Joe Biden's recent decision to block their merger, which they argue was influenced by political motives rather than genuine national security concerns. The companies have petitioned a federal appeals court and filed a lawsuit against competitor Cleveland-Cliffs, alleging misconduct aimed at obstructing their merger efforts. The legal battle comes amid escalating tensions regarding national security and corporate acquisitions.
Source: YAHOO