Nippon Steel's $14.9 Billion Bid for U.S. Steel Faces Likely Rejection Over Security Concerns

A U.S. government panel remains divided on the deal, leaving President Biden poised to make a final decision by December 23.

The Committee on Foreign Investment in the United States (CFIUS) has yet to approve Nippon Steel's proposed acquisition of U.S. Steel due to unresolved national security concerns.
Despite three revised proposals and extensive outreach, including multiple meetings and calls with U.S. officials, consensus has not been reached within the panel.
CFIUS has until December 23 to either approve the deal, extend its review, or recommend that President Biden block the transaction.
President Biden, who has previously expressed opposition to the merger, may ultimately decide its fate if CFIUS remains deadlocked.
U.S. Steel has emphasized that Nippon Steel's investment would secure the company's future, citing the billions in promised funding that no other bidder can match.