The announcement that Nippon Steel Corporation intends to acquire U.S. Steel has put the Committee on Foreign Investment in the United States (CFIUS) at the center of a high-profile lobbying campaign by members of Congress.
While the $14.1 billion deal is widely seen as a victory for Americans in the sense Nippon Steel is paying a 40 percent premium over U.S. Steel’s stock price, the acquisition has also drawn criticism from trade restrictionists in Congress.
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