Business dealsNippon Steel vs. Biden on U.S. Steel deal: 5 things to know
National security threat or political maneuvering? Argument goes to court
Nippon Steel's push to buy U.S. Steel has entered a new phase in the wake of President Joe Biden's decision to block the acquisition. (Nikkei montage/Source photos by Reuters, Yuki Nakao and Mayumi Tsumita)
SAYUMI TAKE, Nikkei staff writer
January 10, 2025 15:02 JST
TOKYO -- Nippon Steel's plan to buy U.S. Steel has entered a new phase with the companies' declaration of a full-scale legal war against the U.S. government. They hope the lawsuits will overturn President Joe Biden's order to give up the acquisition.