Market
Courts rule in favor of Nippon Steel and U.S. Steel by June 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Court rulings or legal documents
Story
Biden Administration Delays Enforcement of Order Blocking $14.9 Billion Nippon Steel, U.S. Steel Merger Until June
Jan 12, 2025, 03:16 AM
The Biden administration has postponed the enforcement of an executive order that would have required Nippon Steel to abandon its $14.9 billion merger bid for U.S. Steel. The decision provides both companies with additional time as courts review their legal challenge against the order. Initially, the order mandated that the companies scrap the deal within 30 days, but the enforcement will now be delayed until June, allowing for further legal proceedings.
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