Merger

US Steel sues Biden over blocked merger with Nippon

Nippon Steel and U.S. Steel filed a lawsuit Monday alleging President Joe Biden unlawfully blocked Nippon’s $14.9 billion purchase of the American steel maker.

Biden on Friday rejected Japan-based Nippon Steel’s takeover bid of the Pittsburgh-based steel manufacturer, citing national security concerns.

“As I have said many times, steel production — and the steel workers who produce it — are the backbone of our nation,” Biden said in a news release. “A strong domestically owned and operated steel...

https://www.freightwaves.com/news/us-steel-sues-biden-over-blocked-merger-with-nippon

DOT approves $1.9B Alaska Air, Hawaiian merger

Alaska Airlines expects to finalize its $1.9 billion merger with Hawaiian Airlines on Wednesday after the Department of Transportation cleared the transaction, the company said in a regulatory filing Tuesday.

DOT approval was the remaining hurdle for the merger. The Department of Justice last month quietly approved the transaction.

The combination of Alaska Airlines (NYSE: ALK) and Hawaiian Airlines (NASDAQ: HA) is important from a freight perspective because Alaska will take over cargo...

https://www.freightwaves.com/news/dot-approves-1-9b-alaska-air-hawaiian-merger

Tallink Grupp Q3: improvement and positive impact of difficult decisions

1 January – 30 September Tallink Grupp’s CEO Paavo Nõgene: „Nothing in these results is the result of chance, a good economic climate or anything similar. It is all down to simple hard work, tough decisions, strong cost control, teamwork and stubborn perseverance.” “Both our third quarter and 9...

https://ferryshippingnews.com/tallink-grupp-q3-improvement-and-positive-impact-of-difficult-decisions/

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