Japan's Nippon Steel said Thursday it has revised the closing date for its acquisition of US Steel, expressing confidence that the acquisition will protect and ensure the growth of the American company.
“Nippon Steel hopes that the President will use this time to conduct a fair and fact-based assessment of the acquisition. We remain confident that the acquisition will protect and strengthen US Steel,” Nippon Steel said.
The estimated closing date has been pushed back from the third or fourth quarter of 2024 to the first quarter of 2025.
The US Committee on Foreign Investment (CFIUS) on December 23 left the final decision on the matter with President Joe Biden after consensus could not be reached. From this day on, Biden has 15 days to make a decision. If no action is taken, the merger will receive an unexpected green light.
Nippon Steel revises US Steel acquisition date
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Azovpromstal® 27 December 2024 г. 16:19 |
