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.
A Nippon Steel executive condemned President Joe Biden for blocking the company’s purchase of U.S. Steel. After Biden blocked ...
Second lawsuit filed in U.S. District Court for the Western District of Pennsylvania against Cleveland-Cliffs, Cliffs’ CEO ...
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 ...
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 ...
a review panel known as CFIUS, intended to allay concerns that Nippon Steel's proposed purchase of U.S. Steel could lead to a decline in domestic steel output and a reduction in its U.S.
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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