GLONGHUI, December 25 | According to Kyodo News, 20 people, including the local mayors of Eastern Pennsylvania and Midwestern Indiana, where American Steel's production base is located, announced a letter to President Joe Biden requesting approval of the acquisition, regarding Japan Steel's plan to acquire American Steel. The letter was due on the 23rd. Whether to approve the acquisition has been left to Biden. The letter emphasized the desire to listen to the opinions of steelworkers and others who requested the acquisition. Regarding the acquisition, I learned on the 23rd that the US Committee on Foreign Investment (CFIUS), which is responsible for the review, has left it to Biden to decide. Biden will reach a conclusion within 15 days based on the law, but he has previously stated that American Steel “should continue to be an American company,” and may also issue a takeover ban.
美钢生产据点市长等致函拜登 望批准日铁收购
U.S. Steel production bases and city mayors have written to Biden, hoping to approve the acquisition of Nippon Steel.
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