Nippon Steel, Citing Biden Review, Pushes Back Acquisition Date of US Steel
The nearly $15 billion deal now hinges on the personal approval of President Joe Biden. Nippon Steel no longer expects to close its acquisition of U.S. Steel in 2024, the Japanese company said in a Dec. 26 statement. Nippon Steel said it expects the transaction—originally announced in December 2023—to be completed in the first quarter