Japan’s Nippon Steel Corp. and United States Steel Corp. said Monday they have filed two lawsuits seeking to protect their merger plan from “illegal and improper political and anticompetitive interference” after it was blocked by U.S. President Joe Biden last week.
The announcement came as Japanese Prime Minister Shigeru Ishiba warned of potential repercussions from Biden’s decision for the close business ties between the two countries and urged a detailed explanation of the president’s reasoning for barring the $14.1 billion deal, which he has said creates national security risk.
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