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US extends deadline on Nippon's bid for US Steel, offering some hope that the deal is not dead

By Yahoo! Finance   |   1 day ago
US extends deadline on Nippon's bid for US Steel, offering some hope that the deal is not dead

The Biden Administration extended the deadline for Japan's Nippon Steel to abandon plans to acquire U.S. Steel. Despite Biden and Trump's opposition, the deal may proceed with a new deadline in June 2025. This move suggests a reconsideration of the security concerns by the CFIUS.

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