US Steel and Nippon sue Biden administration over decision to block their merger

  • CNN
  • January 6, 2025
CNN

 — 

US Steel and Nippon, whose multibillion-dollar 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."

"Today's legal actions demonstrate Nippon Steel's and US Steel's continued commitment to completing the transaction, despite political interference," the companies said in a statement.

This is a developing story and will be updated.