Federal decision on Nippon-US Steel takeover to be pushed back
Headline from The Hill
Japan’s largest steel maker, Nippon, is asking to refile its bid to acquire US Steel, a person familiar with the decision told The Hill, a move that will put off a decision on approving the deal until after the president election.
The Hill's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Japan’s largest steel maker, Nippon, is asking to refile its bid to acquire US Steel, a person familiar with the decision told The Hill, a move that will put off a decision on approving the deal until after the president election.
The move offers a ray of hope for the companies, whose proposed tie-up appeared set to be blocked when the Committee on Foreign Investment in the United States alleged the transaction posed a risk to national security
Nippon Steel reportedly has been given permission by U.S. security officials to refile its plans to purchase U.S. Steel, pushing the review period for the $14.9 billion deal past the November elections.
By Kayla Tausche, CNN (CNN) — Nippon Steel is expected to re-file its application for a national security review by American regulators of its $15 billion takeover bid of US Steel, sources familiar with the matter told CNN on Tuesday, buying Japan’s largest steelmaker an additional 90 days to close …
