Nippon Steel and U.S. Steel are pushing back on reports their merger would undermine U.S. national security amid reports the Biden-Harris administration is preparing to block the deal.
Nippon Steel is pushing back on concerns raised by the Biden administration that its pending acquisition of U.S. Steel for $14.9 billion would undermine U.S. national security. Multiple reports emerged this week that President Biden is planning to block the deal on national security grounds upon the conclusion of an investigation by the Committee on Foreign Investment in the U.S. .
We continue to stand by the fact that there are no national security issues associated with this transaction, as Japan is one of our most staunch allies. We fully expect to pursue all possible options under the law to ensure this transaction, which best future for Pennsylvania, American steelmaking, and all of our stakeholders, closes." NIPPON STEEL SAYS US STEEL ACQUISITION WOULDN'T CAUSE LAYOFFS, PLANT CLOSURES U.S.
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