financetom
Business
financetom
/
Business
/
US decision on Nippon's bid for US Steel pushed back until after election
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US decision on Nippon's bid for US Steel pushed back until after election
Sep 21, 2024 6:51 PM

Sept 17 (Reuters) -

A national security committee reviewing Nippon Steel's ( NISTF )

bid for U.S. Steel granted a request by the

companies to refile their bid for approval of the deal, a person

familiar with the matter said on Tuesday, giving the Biden

administration until after the U.S. presidential election to

make a decision about whether to block the deal.

CFIUS, the Committee on Foreign Investment in the United

States, needs more time to understand the impact of national

security and engage with the parties, the person added. Refiling

sets a new 90-day clock to review the proposed tie-up and make

a decision.

President Joe Biden, Democratic presidential candidate

Kamala Harris and Republican presidential hopeful Donald Trump

have said they want U.S. Steel to remain in American hands.

CFIUS, U.S. Steel and Nippon Steel ( NISTF ) did not immediately

respond to requests for comment from Reuters.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Australia's South32 hunts for copper as it returns cash to shareholders
Australia's South32 hunts for copper as it returns cash to shareholders
Aug 29, 2024
* South32 ( SHTLF ) eyes larger stake in Sierra Gorda from KGHM * Underlying profit more than halves to $380 mln, from $916 mln * Announces $200 mln share buyback (Recasts, adds CEO comments in paragraphs 1-7, manganese comments in paragraphs 9,10) By Melanie Burton MELBOURNE, Aug 29 (Reuters) - Diversified miner South32 ( SHTLF ) would consider both...
Meta Platforms Insider Sold Shares Worth $8,692,977, According to a Recent SEC Filing
Meta Platforms Insider Sold Shares Worth $8,692,977, According to a Recent SEC Filing
Aug 29, 2024
03:11 AM EDT, 08/29/2024 (MT Newswires) -- Mark Zuckerberg, 10% Owner, Director, Chair of Board and Chief Executive Officer, on August 26, 2024, sold 16,702 shares in Meta Platforms ( META ) for $8,692,977. Following the Form 4 filing with the SEC, Zuckerberg has control over a total of 2,657 shares of the company, with 2,657 controlled indirectly. SEC Filing:...
Telegram boss's lawyer dismisses probe against Durov as absurd
Telegram boss's lawyer dismisses probe against Durov as absurd
Aug 29, 2024
PARIS, Aug 29 (Reuters) - A lawyer for Telegram boss Pavel Durov, who is being investigated in France, said it was totally absurd to suggest the head of a social network was responsible for any criminal acts committed on the platform, French media said. A French judge put Durov under formal investigation on Wednesday, saying he was suspected of complicity...
Arista Networks Insider Sold Shares Worth $13,299,441, According to a Recent SEC Filing
Arista Networks Insider Sold Shares Worth $13,299,441, According to a Recent SEC Filing
Aug 29, 2024
03:13 AM EDT, 08/29/2024 (MT Newswires) -- Kenneth Duda, Director, Chief Technology Officer and Senior Vice President - Software Engineering, on August 26, 2024, sold 38,408 shares in Arista Networks ( ANET ) for $13,299,441. Following the Form 4 filing with the SEC, Duda has control over a total of 191,436 shares of the company, with 3,244 shares held directly...
Copyright 2023-2026 - www.financetom.com All Rights Reserved