Nippon Steel Resolute in U.S. Steel Takeover Despite Legal Hurdles
Nippon Steel’s Chief Executive Officer, Eiji Hashimoto, reaffirmed the company’s determination to pursue its $14.9 billion acquisition of U.S. Steel, despite the Biden administration's recent decision to block the merger. On Monday, Nippon Steel and U.S. Steel jointly filed lawsuits challenging the decision, claiming it violated their right to an...