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BRIEF-Nippon Steel Says It Filed Two Lawsuits Over Nippon Steel'S Acquisition Of U. S. Steel Jointly With U.S. Steel And Nippon Steel's Wholly Owned Subsidiary Nippon Steel North America
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BRIEF-Nippon Steel Says It Filed Two Lawsuits Over Nippon Steel'S Acquisition Of U. S. Steel Jointly With U.S. Steel And Nippon Steel's Wholly Owned Subsidiary Nippon Steel North America
Jan 6, 2025 4:38 AM

Jan 6 (Reuters) - Nippon Steel Corp ( NISTF ):

* NIPPON STEEL ( NISTF ): FILED TWO LAWSUITS TO REMEDY THE ONGOING

ILLEGAL

INTERFERENCE WITH NIPPON STEEL'S ACQUISITION OF U. S. STEEL

* NIPPON STEEL SAYS IT FILED TWO LAWSUITS OVER NIPPON

STEEL'S

ACQUISITION OF U. S. STEEL JOINTLY WITH U.S. STEEL AND NIPPON

STEEL'S WHOLLY OWNED SUBSIDIARY NIPPON STEEL NORTH AMERICA

* NIPPON STEEL ( NISTF ): THESE LEGAL ACTIONS ARE NECESSARY TO

PROTECT

NIPPON STEEL'S AND U. S. STEEL'S RIGHT TO PROCEED WITH

THEIRTRANSACTION

* NIPPON STEEL SAYS IT AND U. S. STEEL ARE CONFIDENT THAT

THE

COMPANIES HAVE STRONG CASES AND WILL RIGHTFULLY CLOSETHE

TRANSACTION AND DELIVER $55.00 PER SHARE FOR U. S. STEEL'S

STOCKHOLDERS

* NIPPON STEEL ( NISTF ), US STEEL: FILED ANOTHER LAWSUIT AGAINST

CLEVELAND-CLIFFS, CLIFFS' CEO AND USW PRESIDENT

* NIPPON STEEL ( NISTF ), US STEEL: LITIGATION WILL ESTABLISH THAT

PRESIDENT BIDEN IGNORED RULE OF LAW TO GAIN FAVOUR WITH USW AND

SUPPORT HIS POLITICAL AGENDA

* NIPPON STEEL ( NISTF ), US STEEL: LITIGATION WILL ALSO ESTABLISH

THAT

BIDEN'S UNDUE INFLUENCE CAUSED CFIUS TO FAIL TO CONDUCT

GOOD-FAITH REVIEW PROCESS

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