White House: Review of Nippon Steel's proposed purchase of U.S. Steel is ongoing

Nippon Koshuha Steel Co

18/09/2024 20:39

WASHINGTON, Sept 18 (Reuters) - The White House said on
Wednesday that the review process of Nippon Steel's proposed
purchase of U.S. Steel is ongoing and that it knows of no delay
or extension.
    A source told Reuters this week that the U.S. national
security panel reviewing Nippon Steel's $14.9 billion bid for
U.S. Steel let the companies refile their application for
approval of the deal, delaying a decision on the politically
sensitive merger until after the Nov. 5 presidential election.

 (Reporting by Trevor Hunnicutt and  Stephanie Kelly)
 ((Stephanie.Kelly@thomsonreuters.com; 646-737-4649; Reuters
Messaging: stephanie.kelly.thomsonreuters.com@reuters.net))