Nippon Steel's $15 Billion Bid for U.S. Steel Sent to Biden for Decision Amid CFIUS Disagreement

Reported 1 day ago

The U.S. President Joe Biden is set to decide on Nippon Steel's $15 billion acquisition of U.S. Steel, after the Committee on Foreign Investment in the United States (CFIUS) could not reach a consensus on the deal. Initially reported on December 23, 2024, this bid has faced opposition due to national security concerns over potential impacts on domestic steel production. Nippon Steel is urging Biden to consider their measures aimed at addressing these concerns, as the deal is crucial for their expansion plans.

Source: YAHOO

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