Nippon Steel Delays US Steel Acquisition Amid Regulatory Reviews

Post Views: 265 Nippon Steel, US Steel Acquisition Timeline ExtendedNippon Steel Corp. has announced that it will not be able to finalize its acquisition of United States Steel Corp. (U.S. Steel) by the end of 2024 as originally planned. The company now expects the transaction to close in the first quarter of 2025, pending regulatory approvals. This delay comes after a referral from the Committee on Foreign Investment in the United States (CFIUS) to President Joe Biden, who must make a decision within 15 days of receiving the referral. Additionally, the Antitrust Division of the U.S. Departmen...