Reported 28 days ago
Nippon Steel executives are meeting with U.S. officials, including Treasury and Commerce deputies, in a last effort to secure approval for their $14.9 billion acquisition of U.S. Steel. Concerns about national security have been raised, with business groups urging that political pressures should not influence the Committee on Foreign Investment in the U.S. (CFIUS) review process. Both companies argue the merger could enhance U.S. steel production, amidst growing political opposition from various presidential candidates.
Source: YAHOO