US Steel Review Seen to Last Year or More, Defying Forecasts (4)

A US national security review of Nippon Steel Corp.’s takeover of United States Steel Corp. is unlikely to conclude until late this year and may extend into 2025, according to people familiar with the matter, far longer than the companies have publicly signaled.

Scrutiny by the secretive Committee on Foreign Investment in the US is in its early stages, the people said. The inter-agency panel led by the Treasury Department has the power to approve, block or amend the deal on national security grounds, or send it to President Joe Biden for a decision.

WATCH: Nippon Steel will buy United States Steel Corp. for $14.1 billion.

Source: Bloomberg

While the precise timing ...