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Nippon Steel says position on planned acquisition of US Steel remains unchanged

  • Taking all stake continues to be the starting point for negotiations with the US government
  • We are presenting a range of proposals in talks with the US government
  • CFIUS expected to make a recommendation to US Steel deal to Trump by 21 May
  • A decision by Trump is expected by 5 June

At least now we have some key dates to attach to how things are playing out on this matter. As a reminder, Biden blocked the deal as one of his final acts as president. And in his most recent comments last month, Trump said that “we don’t want to see it go to Japan”. So, there’s that.

This article was written by Justin Low at www.forexlive.com.

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