Nippon Steel (TYO:5401) remains dedicated to its full acquisition of US Steel, according to Reuters News, citing Vice Chairman Takahiro Mori in a recent interview.
The Japanese steelmaker is seeking a meeting with US Treasury Secretary Scott Bessent to understand President Donald Trump's current position on the proposed $15 billion merger, said the news wire.
The Committee on Foreign Investment in the US (CFIUS) faces a May 21 deadline for its renewed national security review, after the deal was previously blocked by former President Joe Biden, added the report.
Trump, who directed the reassessment in April, is expected to make a final decision by June 5, said the news wire.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.