CFIUS submits recommendation to Trump on Nippon Steel-US Steel tie-up, source says

Reuters
22 May
CFIUS submits recommendation to Trump on Nippon Steel-US Steel tie-up, source says

May 21 (Reuters) - A powerful U.S. national security panel known as CFIUS on Wednesday submitted a recommendation to President Donald Trump on Nippon Steel's fraught $14.9 billion bid for U.S. Steel, a person familiar with the matter said.

The submission complies with an executive order signed by Trump that gives the President until June 5 to decide whether to approve or scuttle the merger. Reuters could not learn the content of CFIUS's recommendation.

The companies did not immediately respond to requests for comment.

(Reporting by Alexandra Alper; editing by Costas Pitas)

((Costas.Pitas@thomsonreuters.com; Reuters Messaging: @Cpitas on X))

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10