Nippon Steel's U.S. Steel Acquisition Sparks Merger and Security Concerns
TL;DR Summary
The U.S. President issued an order to block the proposed acquisition of U.S. Steel by Nippon Steel due to national security concerns, after a review by CFIUS and a re-evaluation of risks, requiring the companies to enter into a national security agreement to proceed.
- Regarding the Proposed Acquisition of the United States Steel Corporation by Nippon Steel Corporation The White House (.gov)
- What’s the Deal? Nippon’s Bid for U.S. Steel Becomes a Merger Mystery. The New York Times
- Trump Submits Proposed Security Agreement For US Steel Sale Bloomberg
- Nippon Steel exec says firm needs freedom to manage U.S. Steel, newspaper says Reuters
- Trump says U.S. will have 'golden share' in U.S. Steel after Nippon deal CNBC
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