White House says review of Nippon Steel’s proposed purchase of US Steel ongoing
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The White House said on Wednesday that the review process of Nippon Steel’s proposed purchase of US Steel is ongoing and that it knows of no delay or extension.
A source told Reuters this week that the US national security panel reviewing Nippon Steel’s $14.9 billion bid for US Steel let the companies refile their application for approval of the deal, delaying a decision on the politically sensitive merger until after the Nov. 5 presidential election.
(By Trevor Hunnicutt and Stephanie Kelly)
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