Nippon Steel confirms CFIUS referred U.S. Steel decision to President Biden
Nippon Steel (NPSCY) confirms it was notified by the Committee on Foreign Investment in the United States that the panel failed to reach a consensus on the company’s proposed buyout of U.S. Steel (X) and has referred the matter to President Joe Biden. “We received the CFIUS evaluation, and the president will review it,” Saloni Sharma, a White House spokeswoman is quoted by the The New York Times as having said.
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