TOKYO (Reuters) – The hearing for a lawsuit that Nippon Steel and U.S. Steel brought against U.S. President Joe Biden’s administration is scheduled for February and March, Kyodo news agency reported on Monday, without citing sources. The two steelmakers on Jan. 6 filed the lawsuit against Biden’s order blocking Nippon Steel’s planned $14.9 billion buyout […]
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Hearing on Nippon Steel’s lawsuit over U.S. Steel bid set for Feb-March, Kyodo says
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TOKYO (Reuters) – The hearing for a lawsuit that Nippon Steel and U.S. Steel brought against U.S. President Joe Biden’s administration is scheduled for February and March, Kyodo news agency reported on Monday, without citing sources.
The two steelmakers on Jan. 6 filed the lawsuit against Biden’s order blocking Nippon Steel’s planned $14.9 billion buyout of U.S. Steel on national security concerns.
(Reporting by Kiyoshi Takenaka; Editing by Toby Chopra)