It was late at night and Anton Telegin was driving toward a sprawling coal mine near Ukraine’s eastern front line, using darkness to evade Russian attack drones. Mr. Telegin had come to collect wages for himself and some fellow miners, as he did at the end of every month. But …
For more than a year, U.S. Steel pursued an ambitious solution to its mounting challenges. Once a symbol of American industrial might, it had agreed to a takeover by Nippon Steel, a Japanese rival, in a bid to ward off obsolescence. Citing the need to finance a costly modernization of …
U.S. Steel and Japan’s Nippon Steel sued the United States government on Monday in a last-ditch attempt to revive their attempted merger after President Biden blocked it last week on the basis that the transaction posed a threat to national security. The lawsuit, filed in a federal court in Washington, …
The end of a troubled takeover bid President Biden is set to officially block Nippon Steel’s $14 billion takeover of U.S. Steel as soon as Friday, most likely putting an end to an industrial megadeal that ran up against widespread political opposition. But the decision could set off a cascade …
