Express News | Japan considers strengthening economic relations with the United States to be extremely important.
Express News | Japan Deputy Chief Cabinet Secretary Moriya: Further Strengthening Economic Relations, Including Expanding Mutual Investment Between Japan and the U.S., Is Essential for Both Nations, When Asked About Reports on Nippon Steel
United States Steel CEO is confident that the acquisition trade of Nippon Steel can be approved.
On September 18th, United States Steel CEO David Burritt expressed confidence that the proposed $14.9 billion acquisition of United States Steel by Nippon Steel will ultimately receive approval from the US government. Earlier, the US media reported that the Committee on Foreign Investment in the United States (CFIUS), which is responsible for approving the acquisition, had sent letters to both companies stating that the acquisition transaction was not approved based on national security considerations. However, there are media reports that both companies submitted a 100-page letter to CFIUS, refuting allegations that the transaction would jeopardize national security. The White House has temporarily delayed announcing the approval decision.
Express News | It is reported that the security review of the trade in which the United States purchased United States Steel from Japan's iron and steel manufacturing is expected to be postponed until after the US election.
Nippon Steel Wins Extension for U.S. Steel Deal Review- Bloomberg
US Steel Gains on Reports It Won an Extension for US Review of Nippon Steel