DoJ opens probe into Nippon Steel’s deal for US Steel – Politico (NYSE:X)

DoJ opens probe into Nippon Steel’s deal for US Steel – Politico (NYSE:X)

PhonlamaiPhoto/iStock via Getty Images

The U.S. Department of Justice has opened up an in-depth antitrust investigation of Nippon Steel’s (OTCPK:NISTF) (OTCPK:NPSCY) proposed $14.1B takeover of United States Steel (NYSE:X), Politico reported late Wednesday.

The move escalates U.S. government scrutiny of the deal, which has been criticized by lawmakers, labor unions, and others who argue that the iconic American company should not be owned by a foreign entity, even U.S. ally Japan.

The post DoJ opens probe into Nippon Steel’s deal for US Steel – Politico (NYSE:X) first appeared on Investorempires.com.