Nippon Steel Corp. must break through a formidable wall in acquiring U.S. Steel Corp., including opposition to the deal from a major labor union and the current and a former U.S. president.
Some ATI retirees fear they’ve lost a pension guarantee after recent changes by the specialty metals company. ATI purchased group annuity contracts from New York-based Athene Annuity and Life Co. and Athene Annuity & Life Assurance Co., transferring about 85% of its U.S.-qualified defined-benefit pension plan obligations, ATI spokeswoman Natalie