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Biden delays order for Nippon Steel to end takeover bid for US Steel

Nippon Steel Plans To Move To U.S. Steel Headquarters If Deal Is Approved

Jeff Swensen/Getty Images News

The Biden administration has delayed its order for Nippon Steel (OTCPK:NPSCY)(OTCPK:NISTF) to drop its $14.9B takeover deal of United States Steel (NYSE:X) until mid-June, the companies said in a joint statement late Saturday.

President Joe Biden on January 3 blocked

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