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CFIUS grants Nippon Steel's request to refile bid for US Steel, source says
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CFIUS grants Nippon Steel's request to refile bid for US Steel, source says
Sep 20, 2024 10:52 PM

Sept 17 (Reuters) - CFIUS, the Committee on Foreign

Investment in the United States, that is reviewing a bid by

Japan's Nippon Steel ( NISTF ) to buy U.S. Steel has

granted a request from the Japanese company to refile its

takeover application, a person familiar with the matter said on

Tuesday.

CFIUS needs more time to understand the impact of national

security and engage with the parties, the person added.

(Reporting by Jeff Mason; writing by Costas Pitas)

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