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Nippon Steel and U.S. Steel filed a federal lawsuit challenging a Biden administration decision to block Nippon’s proposed US$15 billion acquisition of the Pittsburgh company and said that the head of the Steelworkers union and a rival steelmaker worked together to scuttle the buyout.
Source: ctv business
Nippon, U.S. Steel file suit against Biden administration, union, and rival after USB deal scuttled
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