Biden postpones ordering Nippon Steel to end its takeover bid for US Steel

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Nippon Steel plans to move into US Steel's headquarters if the deal is approved

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The Biden administration postponed its order for Nippon Steel (Otkbk: npsi)(OTCPC:NESTV) to abandon the $14.9 billion acquisition of United States Steel (New York Stock Exchange:X) until mid-June, the companies said in a joint statement late Saturday.

President Joe Biden on January 3 Forbidden



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