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Nippon Steel eyes completion of US Steel acquisition following new CFIUS review

By Sachiko Sakamaki ( May 9, 2025, 09:01 GMT | Insight) -- Nippon Steel President Tadashi Imai said today the Japanese company aims to complete its original plan to acquire US Steel, even as it engages in discussions with the US government amid a fresh round of foreign investment review in Washington. Speaking at an earnings call press conference, Imai reiterated that the proposed transaction's original structure — which would result in US Steel becoming a wholly owned subsidiary of Nippon Steel — remains the starting point, although the company is discussing various aspects of the deal. The ongoing CIFUS review is expected to result in a recommendation to the US president by May 21, with a decision expected by June 5.Nippon Steel President Tadashi Imai said today the Japanese company aims to complete its original plan to acquire US Steel, even as it engages in discussions with the US government amid a fresh round of foreign investment review in Washington....

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