U.S. extends review deadline for Japanese firm's bid to acquire U.S. Steel, keeping deal hopes alive.

The U.S. government has extended the deadline for Nippon Steel & Sumitomo Metal Corporation's bid to acquire U.S. Steel, offering renewed hope for the deal. CFIUS, the Committee on Foreign Investment in the United States, will have more time to review the proposal and consider any necessary changes to ensure it does not pose a threat to national security. While this extension does not guarantee approval, it keeps the possibility of the deal alive.

2 months ago
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