Nippon Steel pushes deadline to close U.S. Steel deal

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 ...
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.
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.
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.
Biden to decide fate of Nippon Steel's $15B bid for U.S. Steel
Nippon Steel’s $15 billion bid to buy U.S. Steel has been referred to President Joe Biden after a government panel could not decide whether it should go forward.
Nippon Steel Deal Could Still Change the Industry
Nippon Steel's investment has the potential to extend the operational life of U.S. Steel plants bringing enhanced productivity, innovative practices and investment in research and development. New product lines could require expanded skillsets, leading to the creation of new jobs.
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.
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.
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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 ...
Biden will decide on U.S. Steel-Nippon Steel deal after panel fails to reach consensus on national security risk
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Exclusive: Nippon Steel alleges undue White House influence on doomed deal review, letter says
Nippon Steel alleges the White House had "impermissible undue influence" over a national security review of its $14.9 billion ...
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Nippon Steel's US Steel takeover plan has support in steelmaking areas, executive says
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US Steel sale now in Biden's hands
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