Arbitration Board Rules in Favor of Nippon Steel’s $14.9 Billion Buyout of U.S. Steel, Union Remains Opposed
Key Points Arbitration board rules favor Nippon Steel's $14.9 billion buyout of U.S. Steel. United Steelworkers union opposes the decision despite the arbitration ruling. The union criticized the arbitrators for accepting Nippon Steel’s commitment to honor the Basic Labor Agreement. The acquisition deal faces political opposition, with Kamala Harris and Donald Trump advocating for U.S. Steel to remain American-owned. On Wednesday, U.S. Steel (X.N) announced that an arbitration board had ruled in favor of Nippon Steel's (5401.T) $14.9 billion buyout...