Nippon Steel president says suing US government is an option, NTV reports
by Reuters Jan 05, 2025
Nippon Steel President Tadashi Imai said filing a lawsuit against the U.S. government is one of the "important options", Nippon Television reported on Monday, after President Joe Biden blocked its proposed purchase of U.S. Steel.
Imai told reporters that the U.S. government's reviewing process and the decisions over its acquisition proposal did not seem properly handled, adding Nippon Steel is "entitled to a proper review," according to the report.
Biden cited national security concerns for rejecting the $14.9 billion bid on Friday after a year of review.
Imai said that it would not take long for the company to announce countermeasures to the U.S. government's decision, the report said.
Reuters
Similar Stories
Indonesia’s Ministry of Forestry, WCS Indonesia and CMA CGM strengthen partnership to combat illegal wildlife trade
View Article
Berlin and UkraineInvest establish first U.S. partner office to expand American investment in Ukraine
View ArticleUS, Australia sign Customs Mutual Assistance Agreement
CMAA enhances trade and security cooperation
View Article
‘China Shock 2.0’: EU primed for action?
View ArticleAfreximbank Africa Trade Report shows Africa can turn geopolitical disruptions into long-term growth opportunity
The report highlights Africa’s continued growth resilience despite significant headwinds occasioned by escalating geopolitical tensions and ensuing economic shifts
View Article
Strait of Hormuz tensions highlight need to put seafarer welfare at the center of contingency planning, says AVS Global Ship Supply
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
