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US delays enforcement of order blocking Nippon Steel merger
Biden cited national security concerns as he put a stop to the $14.9 billion sale of US Steel to the Japanese giant.
An entrance sign for Japanese company Nippon Steel's East Nippon Works Kashima Area facility is pictured in Kashima, Ibaraki prefecture, north of Tokyo on December 6, 2024. (Photo by Richard A. Brooks / AFP)
By: NewVision Reporter, Journalists @NewVision
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US authorities have extended the deadline for Japan's Nippon Steel to abandon its acquisition of its American rival after President Joe Biden blocked the deal, the