WASHINGTON :Nippon Steel alleges the White House had "impermissible undue influence" over a national security review of its $14.9 billion bid for U.S. Steel and threatened legal action if the deal is blocked.The accusation was made in a Dec. 17 letter, signed by counsel for Nippon Steel and U.S.
cards interface. Give it a try.WASHINGTON :Nippon Steel alleges the White House had"impermissible undue influence" over a national security review of its $14.9 billion bid for U.S. Steel and threatened legal action if the deal is blocked.
Last weekend, CFIUS set the stage for Biden, who has long opposed the tie-up, to block it in a 29-page letter by raising allegedly unresolved national security risks, Reuters exclusively reported. Biden has opposed the deal because he believes that U.S. Steel should be American-owned and operated. The merger appeared fast-tracked to be blocked after the companies received an Aug. 31 letter from CFIUS, seen by Reuters, arguing the deal could hurt the supply of steel needed for critical transportation, construction and agriculture projects.
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