Nippon Extends US Steel Acquisition Awaiting President's Final Decision
The announcement comes as the Committee on Foreign Investment in the U.S. has referred the acquisition matter to President Joe Biden, who will make a final decision about the deal within 15 days. Additionally, the review process of the Antitrust Division of the U.S. Department of Justice is still pending.
The Committee on Foreign Investment doesn't recommend blocking the merger, and neither should President Joe Biden.
Previously opposing the agreement, President Biden has voiced worries over foreign interference in a vital industry.
However, in its review of Nippon Steel’s proposed acquisition of U.S. Steel, it has failed to come to consensus.
Nippon Steel on Thursday said it was revising its expectations for the closing of the U.S. Steel deal from the end of 2024 ...
Nippon Steel's purchase of U.S. Steel, worth $14.9 billion, has been postponed to 2025 due to opposition from unions and ...
A government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed ...
Japan's Nippon Steel is seeing support for its proposal to acquire U.S. Steel in the regions of the United States where steel ...
Nippon Steel and JFE Steel seek CCI approval for strategic investments in Queensland's Blackwater Coal Mine for coking coal ...
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