The Committee on Foreign Investment in the United States approved an extension of the deadline for Nippon Steel Corp. to abandon its $14.1 billion takeover of United States Steel Corp., according to a statement by US Steel.
The deadline will be extended to June 18 from Feb. 2 originally, following President Joe Biden’s order to halt the deal earlier this month. A Nippon Steel spokesperson confirmed the extension to Bloomberg News. The new deadline is also the date the two companies had set for completing the merger.
The decision comes after the two companies filed a petition with the federal ...
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