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Teneo and Joele Frank handle the joint statement from Nippon Steel and US Steel condemning president Joe Biden’s decision to torpedo their $15B merger.
Rather than abide by the law, the review process of the deal was “manipulated to advance president Biden’s political agenda,” they claim.
The companies said Biden’s order to block the merger did not present any credible evidence of a national security issue, “making it clear that it was a political decision.”
They took a shot at 81-year old Biden for sacrificing the future of American steelworkers for his political purposes.
Teneo and USS vow to take all appropriate action to protect their legal rights.
They will fight for the deal that would help revitalize Pennsylvania and Indiana communities, provide job security for steelworkers and help the US steel industry compete more effectively with China.
Teneo’s Robert Mead and Jack Coster represent Nippon Steel, while Joele Frank, Wilkinson Brimmer Katcher’s Kelly Sullivan and Ed Trissel handle USS.
Motion, a Chicago-based brand growth agency, acquires video-forward marketing and communications firm AKA Media Partners, which has been in business since 1998.
Declan Kelly's Consello has acquired Morpheus Risk, a UK-based risk and threat assessment firm.
Ruder Finn has acquired Missouri Creative, a 30-member visual storytelling, design and experience-led brand activation firm based in London.
Highwire acquires The Bliss Group, creating a combined firm, operating under the Highwire brand, that has more than 250 professionals across North America.
Miami’s Newlink Group has acquired Italy’s EJ to strengthen its position in southern Europe, where it has offices in Madrid and Barcelona.
