The US government has extended its national security review of Nippon Steel’s proposed $15bn acquisition of US Steel, in a surprise move given that the deal had been opposed by Joe Biden and Kamala Harris.
The Committee on Foreign Investment in the US, the government panel that vets inward investment for security risks, granted the Japanese group a 90-day extension, said two people familiar with the situation.
The decision means the deal’s fate will almost certainly not be decided until after the US election on November 5.
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