Nippon Steel-U.S. Steel deal faces uphill battle in court

Possible Cleveland-Cliffs bid could put Japanese steelmaker at disadvantage

20250122N US Steel

Nippon Steel and U.S. Steel have sued the U.S. government over an order blocking their acquisition deal. (Source photos by Nikkei)

NATSUKO SEGAWA

TOKYO -- As Nippon Steel and U.S. Steel pursue legal action to realize their much-contested acquisition plan, they face a daunting battle in the courtroom, as well as a potential competing bid that could sway shareholders.

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