Three Republican Senators Oppose the Nippon-US Steel Deal Over National Security on Tuesday
Three U.S. senators urged Treasury Secretary Janet Yellen to block Japan’s Nippon Steel’s $14.9 billion acquisition of U.S. Steel, citing national security concerns. Nippon on Monday struck a deal to buy US Steel for $14.9 billion in cash, beating rivals such as Cleveland-Cliffs (NYSE), ArcelorMittal (NYSE), and Nucor (NYSE). “Despite the absence of any security…