CFIUS grants Nippon Steel’s request to refile bid for U.S. Steel, source says

A tugboat pushes a barge near the United States Steel Corp. Clairton Coke Works facility in Clairton, Pennsylvania, US, on Monday, Sept. 9, 2024.

Justin Merriman | Bloomberg | Getty Images

CFIUS, the Committee on Foreign Investment in the United States, that is reviewing a bid by Japan’s Nippon Steel to buy U.S. Steel has granted a request from the Japanese company to refile its takeover application, a person familiar with the matter said on Tuesday.

CFIUS needs more time to understand the impact of national security and engage with the parties, the person added.

Source

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