Nippon Steel Reportedly Gets Extension To Provide Plans for US Steel Takeover
XU. S. Steel(X) Investopedia·2024-09-18 23:16

Key TakeawaysNippon Steel reportedly has been given permission by U.S. security officials to refile its plans to purchase U.S. Steel.Bloomberg said that effectively would push the review period for the $14.9 billion deal past the November elections.Politicians including President Joe Biden, Vice President Kamala Harris, and former president Donald Trump have questioned the purchase, arguing that U.S. Steel should remain American-owned. Shares of U.S. Steel (X) advanced Wednesday amid a report that Nippon St ...