U.S. Treasury's Yellen Declines To Comment On CFIUS Review Of U.S. Steel-Nippon Steel Merger, Says U.S. Has Rigorous Process Of Looking At National Security Implications Of Transactions
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary Janet Yellen declined to comment on the CFIUS review of the U.S. Steel-Nippon Steel merger, emphasizing the rigorous process for assessing national security implications of such transactions.
September 05, 2024 | 3:39 pm
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NEUTRAL IMPACT
U.S. Steel is involved in a merger with Nippon Steel, which is under review by CFIUS for national security implications. Yellen's non-comment suggests the process is ongoing.
The merger involving U.S. Steel is significant, and the CFIUS review could impact the merger's progress. Yellen's non-comment indicates no new developments, maintaining a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90