Arbitrator Rules in Favor of US Steel in Controversial Nippon Steel Merger
An arbitration panel ruled in favor of US Steel on Wednesday, allowing Japan’s Nippon Steel to assume US Steel’s labor contract obligations. The ruling is a win for Nippon’s $14.9 billion proposed acquisition of Pittsburgh-based US Steel, though the deal still faces significant political and regulatory hurdles. The United Steelworkers (USW) union has fiercely opposed […]