Nippon Steel Alleges Undue US Influence on Deal Review: Reuters
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Nippon Steel Corp. alleges the White House had undue influence over a national security review of the Japanese company’s $14.9 billion bid for United States Steel Corp. and threatened legal action if the deal is blocked, Reuters reported.
The accusation was made in a Dec. 17 letter, signed by counsel for Nippon Steel and U.S. Steel to the Committee on Foreign Investment in the United States (CFIUS), Reuters said, saying it had been given sight of the document.