Nippon Steel and U.S. Steel have taken legal action against the Biden administration, challenging the President's decision to block Nippon Steel's proposed acquisition of its American counterpart.
The companies argue that President Biden's move constitutes \"illegal interference\" in a significant transaction, alleging that the merger was hindered for \"purely political reasons.\"
On Monday, they jointly filed two lawsuits aimed at addressing what they describe as ongoing interference in the acquisition process.
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Nippon Steel, U.S. Steel file suit against Biden's merger block
cgtn.com
