A U.S. national security review of Nippon Steel’s (NPSCY) takeover of United States Steel (X) is unlikely to conclude until late this year and may extend into 2025, people familiar with the matter told Bloomberg’s Josh Wingrove, Jennifer Jacobs and Joe Deaux. Scrutiny by the Committee on Foreign Investment in the US, or CFIUS, is in its early stages and such an overall review of the deal appears set to be “far longer than the companies have publicly signaled,” the sources said.
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