Biden admin delays enforcement of order blocking Nippon Steel, US Steel deal, companies say
The Biden administration delayed until June an order for Nippon Steel to abandon its $14.9 billion bid for U.S. Steel , the companies said on Saturday, giving them some time to revive the politically contentious deal.
Second lawsuit filed in U.S. District Court for the Western District of Pennsylvania against Cleveland-Cliffs, Cliffs’ CEO ...
Nippon Steel argues that the transaction “would strengthen, not weaken, U.S. national security.” In cases where CFIUS identifies a potential national threat to U.S. national security ...
"Other than that, CFIUS did analyze the specifics, as it always does of this situation, and prepared a thorough analysis to go to the president." U.S. Steel and Nippon Steel alleged in a ...
CFIUS is an intergovernmental agency chaired by the Secretary of the Treasury. However, Trump has previously stated he would block the deal himself. It wasn't clear whether Nippon Steel and U.S ...
And they've emboldened China by not following the rule of law." BIDEN OFFICIALLY BLOCKS NIPPON'S TAKEOVER OF US STEEL "CFIUS [The Committee on Foreign Investment in the United States] is ...
The argument is even less credible considering Japan hosts more than 50,000 US troops and in 2023 changed its laws so ...
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