CFIUS Stalls Nippon Steel's U.S. Steel Acquisition

CFIUS has stalled its decision on the national security risks related to Nippon Steel's acquisition of U.S. Steel, lacking consensus. The review board communicated its findings to the White House, leaving the deal's future uncertain.

The Committee on Foreign Investment in the United States (CFIUS) has reported to the White House its inability to reach a consensus regarding the national security implications of Nippon Steel's intended acquisition of U.S. Steel. This impasse, highlighted by the Washington Post on Monday, places the future of the merger in question.

The high-level review board, tasked with scrutinizing the deal's potential risks, submitted its final evaluation to the government late Monday. The Washington Post's report, which cites two anonymous sources knowledgeable about the proceedings, suggests a significant roadblock in the proposed corporate transaction.

While the conclusions of the CFIUS were shared with the executive branch, the lack of consensus among its members poses a challenge to advancing the acquisition process. The uncertainty now hangs over what could have been a major industry shift.

(With inputs from agencies.)