US Steel and Nippon sue Biden administration, Steelworkers union and Cleveland-Cliffs over their blocked merger
US Steel and Nippon, whose $14.3 billion merger was blocked by President Joe Biden last week, filed a lawsuit against the US government Monday, claiming Biden’s executive order to bar the companies from combining was signed for “purely political reasons.
U.S. Steel and Nippon Sue Biden Over Decision to Block Merger
U.S. Steel and Japan’s Nippon Steel sued the United States government on Monday in a last-ditch attempt to revive their attempted merger after President Biden blocked it last week on the basis that the transaction posed a threat to national security.
US Steel and Nippon Steel sue Biden administration over blocked merger
U.S. Steel and Japan-based Nippon Steel sued the Biden administration on Monday over a decision made last week to block a merger between the two companies. A proposed acquisition of the second-largest domestic steel producer by Nippon for nearly $15 billion would threaten U.S. national security, the Biden administration said.
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.
U.S. Steel, Nippon allege Biden violated constitution in lawsuit over blocked deal
The U.S. Congress was set to meet in snow-covered Washington to formally certify Donald Trump's election as president on Monday, four years after a mob of his supporters stormed the Capitol in a failed bid to block the certification of his 2020 loss.
Nippon, US Steel file suit after Biden administration blocks $15 billion deal
Nippon Steel and U.S. Steel are filing a federal lawsuit challenging the Biden administration's decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S. Steel
Nippon and US Steel sue government over blocked deal
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,
First Merger Monday of the Year Features Mayo, Disney’s Hulu and More
It’s Liana Baker in New York. In today’s newsletter, we wrap up the first merger Monday of 2025 with a spate of deals in the ...
Getty Images Plans $3.7B Merger With Rival Shutterstock
The giant commercial photo and video providers are grappling with the emergence of artificial intelligence tools that have ...
Getty Images, Shutterstock gear up for AI challenge with $3.7 billion merger
Getty Images said on Tuesday it would merge with rival Shutterstock to create a $3.7 billion stock image powerhouse geared ...
Getty Images, Shutterstock Stocks Jump on Merger Deal
Shares in Getty Images and Shutterstock surged after the image companies agreed to merge, creating a group worth about $3.7 ...
Small Merger Deals Need a Clear Exit Strategy in a Hazy Tax Year
Embarc Advisors’ Justin DePardo offers tips for selling small businesses in 2025, noting that understanding a company’s ...
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Sanford Health, Marshfield Clinic finalize $10B health system merger
Sanford Health finalized its merger with Marshfield Clinic Health System, the health systems announced last week, and the ...
Capital One, Discover file proxy for merger, see early 2025 close
Capital One (COF) and Discover Financial (DFS) announced last night the filing of the joint proxy statement and prospectus relating to the ...
Getty Images and Shutterstock announce merger
Getty images and Shutterstock have agreed to merge in a £3.7bn deal, geared to monopolise the stock image market ...
Paramount, Skydance Fire Back at Critics of Pending Merger
Paramount Global and Skydance Media responded to critics of their pending merger, saying in a regulatory filing that they ...
Fubo and Hulu+LiveTV Merger: A Hold Rating Amid Uncertain Subscriber Growth and Financial Impact
In a report released today, Darren Aftahi from Roth MKM reiterated a Hold rating on fuboTV (FUBO – Research Report), with a price target of ...