Nippon Steel’s vice-chair will meet senior US officials in Washington on Wednesday in a last-ditch effort to salvage the Japanese group’s proposed $15bn acquisition of US Steel, which is opposed by Joe Biden and Kamala Harris.
People familiar with the situation said Takahiro Mori would meet several deputy cabinet secretaries involved with the Committee on Foreign Investment in the US, the Treasury-led inter-agency government panel that vets inbound investment deals for national security risks.
Treasury and Nippon Steel both declined to comment.
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