Steelworkers to Mnuchin: Block Chinese acquisition of aluminum maker

摘要

United Steelworkers president Leo Gerard has renewed a call for the Committee on Foreign Investment in the United States to block the acquisition of Aleris Corporation - a U.S. aluminum producer - by Zhongwang USA, a subsidiary of China Zhongwang Holdings Limited, a major producer of aluminum extruders. Zhongwang first announced the $2.3 billion purchase in August 2016, then withdrew the bid before refiling it. CFIUS - which reviews mergers and acquisitions of firms operating in the United States for national security implications - flagged the deal for national security concerns, according to Securities and Exchange Commission documents cited by USW in its letter.