> Nippon Steel's Hashimoto says 'no reason to give up' on acquisition deal / 36T43UZ
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Nippon Steel's Hashimoto says 'no reason to give up' on acquisition deal / 36T43UZ
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Description
Nippon Steel and US Steel file suit over US President Joe Biden's decision to block the Japanese giant's proposed acquisition of its American rival, accusing his administration of "illegal interference" in the huge transaction.
Chairman and CEO Eiji Hashimoto held a press conference in Tokyo, following a company statement that they had initiated legal action in the US court of appeals in Washington challenging the review process for the acquisition. IMAGES AND SOUNDBITES