Report: U. S. Steel – Nippon Steel Deal Faces Scrutiny
01/11/2024 - Attorneys for United States Steel Corporation and Nippon Steel Corporation have been exchanging phone calls and emails as the Biden Administration prepares to review the planned acquisition of the American steelmaker, The Wall Street Journal reported Thursday.
The work so far has centered around the process for filing with the Committee on Foreign Investment in the U.S. The committee, which is headed by the Treasury Department, has the power to recommend the president block deals if they pose a national security threat, The Journal wrote.
The Journal has more here.
The Journal has more here.
