Nippon Steel (OTCPK:NPSCY) extended the closing date for its planned more than $14 billion purchase of US Steel (NYSE:X) to Q1 as it awaits a decision from President Joe Biden on the deal.

https://www.tipranks.com/news/the-fly/nippon-steel-pushes-out-expected-u-s-steel-closing-date-to-q1-of-2025 Nippon Steel (NPSCY) issued the following statement ...

As a result, we have revised the estimated closing date of the Acquisition ... Nippon Steel added. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial ...

TOKYO (Reuters) - Japan's Nippon Steel said on Thursday it has extended ... The estimated closing date was revised to the first quarter of 2025 from the third or fourth quarter of 2024 previously.

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As a result, we have revised the estimated closing date of the Acquisition. Nippon Steel hopes that the President will use this time to conduct a fair and fact-based evaluation of the Acquisition.