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DoJ Seeks More Details From U.S. Steel, Nippon Steel on Proposed Merger

May 2 - The U.S. Department of Justice is seeking more details and documentary materials as part of an antitrust review of Nippon Steel's proposed $15 billion takeover of U.S. Steel, the American firm said on Thursday.Commonly known as a "second request," it can mark the start of a lengthy legal process from which few mergers emerge successful.The DoJ's request comes after the Japanese firm's proposed bid drew sharp criticism in the U.S., including from President Joe Biden, who said the asset s

DoJ Seeks More Details From U.S. Steel, Nippon Steel on Proposed Merger

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