Arbitrator hands win to US Steel on embattled Nippon deal

NEW YORK, United States — Arbitrators ruled that Japan’s Nippon Steel has proven it can assume United States Steel’s labor contract obligations in a win Wednesday for an embattled proposed transcontinental merger. While Nippon’s $14.9 billion takeover of Pittsburgh-based US Steel still faces significant challenges in the wake of furious bipartisan political opposition, the decision
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