Nippon Steel, Citing Biden Review, Pushes Back Acquisition Date of US Steel
By Austin Alonzo 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 of 2025. That date was revised from the third or fourth quarter of 2024. The $14.9 billion acquisition is still…
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