Nippon Steel (NPSCY) issued the following statement regarding the timely disclosure titled “Acquisition of United States Steel Corporation” dated as of December 18, 2023, “Nippon Steel Corporation would like to inform you that there has been a change as described below.

Japan's Nippon Steel said on Thursday it has extended the closing date for its $14.9 billion purchase of U.S. Steel as U.S. President Joe Biden weighs whether to block a deal that has faced intense opposition since it was announced.

Nippon Steel on Thursday delayed the closing date for its proposed $14.9 billion purchase of U.S. Steel, as it waits to learn if President Biden will block the deal on national security grounds. Why it matters: The Japanese steelmaker is trying to play nice with the White House,