After Kamala Harris Said US Steel Should Remain 'American-Owned,' Nippon Steel's Takahiro Mori Reportedly Flies To US For Final Attempt At Saving $15B Deal
Portfolio Pulse from Benzinga Neuro
Nippon Steel's Vice Chairman, Takahiro Mori, is attempting to salvage a $15 billion acquisition of U.S. Steel amid national security concerns raised by the Biden administration. Vice President Kamala Harris has expressed that U.S. Steel should remain American-owned. The Committee on Foreign Investment in the United States (CFIUS) will review the deal.
September 11, 2024 | 7:41 am
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NEGATIVE IMPACT
Nippon Steel's $15 billion bid for U.S. Steel is under scrutiny by U.S. officials due to national security concerns. The outcome of the CFIUS review will be crucial for the deal's success.
Nippon Steel's acquisition attempt is challenged by U.S. national security concerns, with the CFIUS review being a critical hurdle. The potential blocking of the deal could negatively impact Nippon Steel's stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
U.S. Steel is at the center of a $15 billion acquisition attempt by Nippon Steel, facing opposition from U.S. officials due to national security concerns. The deal's outcome could impact U.S. Steel's operations and ownership.
The acquisition faces significant opposition from U.S. officials, including Vice President Kamala Harris, who advocates for American ownership. The CFIUS review could lead to the deal being blocked, affecting U.S. Steel's stock negatively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100