Core Viewpoint - The acquisition of U.S. Steel by Nippon Steel is contingent upon approval from the U.S. government, which involves navigating complex legal and regulatory hurdles, including the potential payment of a $565 million penalty if the deal fails [1][2]. Group 1: Acquisition Process - Nippon Steel's acquisition requires the revocation of a suspension order issued by former President Biden, which was based on national security concerns raised by the Committee on Foreign Investment in the United States (CFIUS) [1]. - The acquisition also necessitates signing a "national security assurance agreement" with the U.S. government, which would impose conditions on U.S. Steel's operations post-acquisition [1][2]. - The U.S. government may include stipulations in the agreement to retain U.S. Steel's headquarters in Pittsburgh, ensure a majority of the board members are U.S. citizens, and prevent the transfer of production and jobs overseas [1]. Group 2: Timeline and Review Process - The focus is on whether the necessary procedures can be completed by June 5, with CFIUS expected to provide recommendations to Trump by May 21, followed by a 15-day review period [2]. - The ultimate deadline for submitting proof of the acquisition's revocation is June 18, as stipulated in Biden's suspension order [2]. - If the acquisition does not proceed, Nippon Steel faces a potential penalty of $565 million to U.S. Steel [2].
日铁收购美钢还需再过两道关