Nippon Steel confirms that CFIUS referred US Steel’s decision to President Biden


https://www.tipranks.com/news/the-fly/nippon-steel-confirms-cfius-referred-us-steel-decision-to-president-biden

Nippon Steel (NPSCY) confirms that it was notified by the Committee on Foreign Investment in the United States that the panel did not reach a consensus on the company’s proposed purchase of US Steel (X) and has referred the matter to President Joe Biden. “We have received the CFIUS assessment and the president will review it,” Saloni Sharma, a White House spokeswoman, was quoted as saying by The New York Times.

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