US Steel says arbitration board in favor of Nippon Steel's $14.9 bn buyout
Nippon Steel had paid a hefty premium to clinch the deal for US Steel on a bet that it could benefit from US President Joe Biden's infrastructure spending bil
 "US Steel says arbitration board in favor of Nippon Steel's $14.9 bn buyout")
US Steel said on Wednesday an arbitration board had ruled in favor of Nippon Steel's $14.9 billion buyout of the company, but that the United Steelworkers union disagreed with the decision.
The board, jointly selected by the company and the union to settle disputes, ruled that US Steel had satisfied each of the conditions of the successorship clause in its basic labor agreement with the USW.