Nippon Steel (NPSCY) is slated to get an extension in the security review over its proposed $14.1B takeover of U.S. Steel (X), likely pushing a decision on the politically contentious deal past the U.S. elections in November, Bloomberg’s Josh Wingrove reports, citing people familiar with the matter. The move would keep the proposed deal alive, even as President Joe Biden has said that U.S. Steel would remain U.S.-owned and is said to be readying to kill the transaction, the author notes.
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