EGN NEWS DESK
Washington –
Nippon Steel’s $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden, a White House spokesman has stated, giving the president 15 days to determine on a tie-up he has beforehand stated he opposes.
Nippon Steel’s $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden, a White House spokesman has stated, giving the president 15 days to determine on a tie-up he has beforehand stated he opposes.
The Committee on Foreign Investment within the United States (CFIUS), which critiques overseas investments within the U.S. for nationwide safety dangers, referred the bid to Biden after it was unable to achieve a consensus.
“We obtained the CFIUS analysis and the President will assessment it,” White House spokesperson stated. President-elect Donald Trump, set to retake the workplace on Jan.20, has additionally opposed the deal, which was first introduced final December.
