Nippon Extends US Steel Acquisition

Nippon Steel delays closing for U.S. Steel deal, as it awaits Biden decision
Nippon Steel on Thursday delayed the closing date for its proposed $14.9 billion purchase of U.S. Steel, as it waits to learn if President Biden will block the deal on national security grounds. Why it matters: The Japanese steelmaker is trying to play nice with the White House,
Nippon Steel pushes back U.S. Steel acquisition date
Nippon Steel on Thursday said it was revising its expectations for the closing of the U.S. Steel deal from the end of 2024 until the first quarter of 2025, citing the reviews that are still ongoing.
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.
Nippon Steel pushes deadline to close U.S. Steel deal as Biden decision looms
Japan's Nippon Steel said on Thursday it has extended the closing date for its $14.9 billion purchase of U.S. Steel as U.S. President Joe Biden weighs whether to block a deal that has faced intense opposition since it was announced.
US Steel Asks for Nippon Deal To Be Approved With President Biden Set to Decide
U.S. regulators failed to agree on whether to allow Nippon Steel's $14.9 billion purchase of U.S. Steel, passing the decision to President Biden.
Nippon Steel's U.S. Steel bid referred to President Biden for final decision
Nippon Steel's $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden, a White House spokesman said, giving the president 15 days to decide on a tie up he has previously said he opposes.
Opinion
It’s not too late to approve the Nippon Steel deal
The Nippon Steel acquisition is more than a simple transaction; it is a strategic investment in America’s future. Let’s not let politics or misplaced fears turn it into a missed opportunity.
Nippon extends the closing date to acquire U.S. Steel as Biden decides its fate
Nippon Steel has extended the closing date for its $15 billion acquisition of U.S. Steel (X), as Japan’s biggest steel firm faces opposition from both the current and next president of the U.S.

Biden to decide on US Steel takeover

Yahoo7h
Opinion - It’s not too late to approve the Nippon Steel deal
However, in its review of Nippon Steel’s proposed acquisition of U.S. Steel, it has failed to come to consensus.
Reason on MSN2h
Nippon Steel-U.S. Steel Merger Poses No National Security Threat
The Committee on Foreign Investment in the United States (CFIUS) was unable to reach a consensus on Japan's Nippon ...
devdiscourse7h
Nippon Steel's $14.9B U.S. Steel Acquisition Faces Political and Union Hurdles
Nippon Steel's purchase of U.S. Steel, worth $14.9 billion, has been postponed to 2025 due to opposition from unions and ...
Nippon Steel and JFE Steel seek CCI nod for stake buys in Australian coal mine
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Nippon Steel's US Steel takeover plan has support in steelmaking areas, executive says
Japan's Nippon Steel is seeing support for its proposal to acquire U.S. Steel in the regions of the United States where steel ...
US Steel sale now in Biden's hands
The president has 15 days to decide whether to approve or reject the nearly $15 billion sale of the iconic steel company to ...