Nippon Steel ( NPSCY ) confirms it was notified by the Committee on Foreign Investment in the United States that the panel failed to reach a consensus on the company’s proposed buyout of U.S. Steel ( X ) and has referred the matter to President Joe Biden. “We received the CFIUS evaluation, and the president will review it,” Saloni Sharma, a White House spokeswoman is quoted by the The New York Times as having said.

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