Reported 1 day ago
Nippon Steel and U.S. Steel's lawsuit against President Biden may not succeed in overturning his block on their $14.9 billion merger, but it could grant extra time for negotiations with the incoming administration. The companies argue their constitutional rights were violated during the national security review process. While experts suggest the legal battle is challenging, it might provide a chance to negotiate with new political leadership, particularly if former President Trump reassesses his stance against the merger.
Source: YAHOO