Nippon and US Steel sue government over blocked deal
Source: BBC
Nippon Steel and US Steel are suing the US government over blocking a takeover, claiming that President Joe Biden "ignored the rule of law to gain favor" with trade unions. The two companies also alleged that President Biden, who is entering the last weeks of his administration, stopped Nippon Steel buying US Steel to pursue his own political agenda.In rejecting the proposed deal on Friday, President Biden said a…
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