 "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.