WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday that Nippon Steel's blocked acquisition of U.S. Steel received a “thorough analysis” by an interagency national security review body that was sent to President Joe Biden.
Yellen, in a live interview on CNBC, said she could not discuss the details of the merger review blocked by Biden last week and is now the subject of a lawsuit alleging that the review by the Committee on Foreign Investment in United States (CFIUS) was not carried out in good faith and was harmed by Biden.
“I think, as you know, there is ongoing litigation about this case, and as the head of CFIUS, I regret that there is very little substantive content that I can tell you about this,” Yellen said. “Other than that, CFIUS went through the details, as it always does in this situation, and prepared a comprehensive analysis to present to the president.”
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