(Reuters) -Japanese steelmaker Nippon Metal’s vice-chair will meet senior U.S. officers in Washington on Wednesday in an try to save lots of its proposed $14.9 billion takeover of U.S. Metal, the Monetary Instances reported on Tuesday.
Nippon’s Takahiro Mori will meet a number of deputy cupboard secretaries concerned with the Committee on Overseas Funding within the U.S. (CFIUS), the FT reported, citing individuals acquainted with the state of affairs.
Nippon, the White Home and the U.S. Treasury Division didn’t instantly reply to Reuters’ requests for remark.
CFIUS has instructed Nippon and U.S. Metal that the merger, which has confronted opposition from Republican and Democratic lawmakers, would create nationwide safety dangers because it may damage the provision of metal wanted for crucial transportation, development and agriculture tasks.
Vice President and Democratic presidential candidate Kamala Harris has mentioned she needs U.S. Metal to stay “American-owned and operated.”
Her Republican rival Donald Trump has pledged to dam the deal if elected.
