Nippon Steel Corp.'s proposed $12.3 billion acquisition of US Steel Corp. moved a step closer to being blocked after a US national security panel deadlocked on its review and left the final decision with President Joe Biden, who has repeatedly indicated his opposition to the deal.
Nippon Steel's $15 billion bid for US Steel has been referred to President Joe Biden, a White House spokesman said, giving the president 15 days to decide on a tie-up he has previously said he opposes reut.rs/3VVnjhb
-- Reuters (@reuters.com) December 24, 2024 at 4:54 AM
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