DoJ files motion to extend deadlines in U.S. Steel and Nippon Steel's CFIUS lawsuit

Reuters

Mon, Mar 17, 2025, 4:07 AM 1 min read

(Reuters) - The U.S. Department of Justice filed a question past week to widen 2 deadlines successful U.S. Steel and Nippon Steel's suit against the Committee connected Foreign Investment (CFIUS), U.S. Steel said successful a filing connected Monday.

The 2 companies successful January jointly filed a suit against CFIUS, which scrutinizes overseas investments for nationalist information risks, aft it recommended past U.S. President Joe Biden to cull a merger betwixt U.S. Steel and Japan's Nippon Steel connected nationalist information grounds.

The question from the DoJ calls for extending briefing deadlines successful the CFIUS suit for 21 days, and rescheduling the oral statement to the week of May 12 from April 24.

The purpose of the hold is to let the authorities much clip to implicit its ongoing discussions with the alloy companies connected the merger, and destruct the litigation against CFIUS, the filing added.

In February, U.S. President Donald Trump said that helium would not caput if Nippon Steel took a number involvement successful U.S. Steel.

U.S. Steel and Nippon Steel person consented to the motion, but it inactive remains taxable to tribunal approval.

(Reporting by Aishwarya Jain successful Bengaluru)