Reported 26 days ago
Nippon Steel's bid of $14.9 billion for U.S. Steel is under review by the Committee on Foreign Investment in the United States (CFIUS), with a recommendation deadline of September 23. Political pressures mount against the takeover, as key figures, including President Biden and Vice President Harris, express concerns over foreign ownership of a vital American steel company. Should CFIUS decide against an extension, it could either approve the deal with conditions or recommend that the President block it.
Source: YAHOO