THE US Treasury has informed Japan's Nippon Steel that the panel reviewing its proposed $14.9-billion purchase of US Steel has not yet come to an agreement on how to address security concerns, the Financial Times reported on Sunday.
THE US Treasury has informed Japan's Nippon Steel that the panel reviewing its proposed $14.9-billion purchase of US Steel has not yet come to an agreement on how to address security concerns, the Financial Times reported on Sunday.
22 to make a decision on whether to approve, block or extend the timeline for the deal's review, Reuters has reported.US Steel and CFIUS did not immediately respond to Reuters' requests for comments on the Financial Times report, while Nippon Steel declined to comment.The acquisition has faced opposition within the US since it was announced last year, with both Biden and his incoming successor Donald Trump publicly indicating their intentions to block the purchase.
Panel Split On Nippon-US Steel Deal
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