U.S. Steel (D) closed two large steel production facilities and laid off the workers. The trade union (P) sued to enjoin the closure or at least force D to sell the facilities to P. D claimed that the facilities were unprofitable and asserted an absolute right to make a business decision to discharge its employees and abandon the facility. D was initially restrained from closure, but a formal opinion was entered holding the plants were unprofitable and denied all relief. P appealed.