US decision on Nippon's bid for US Steel pushed back until after election

  • Posted on September 18, 2024
  • By Business News Today
  • 2 Views
US decision on Nippon's bid for US Steel pushed back until after election

The U.S. national security panel has allowed Nippon Steel and U.S. Steel to refile their application for approval of a merger, delaying the decision until after the presidential election. The Committee on Foreign Investment in the United States (CFIUS) needs more time to assess national security impacts and engage with the parties involved.
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