Market
Final decision-maker for Nippon Steel-U.S. Steel deal by June 18, 2025?
2
Resolution / Starting Odds
U.S. Courts • 25%
Biden Administration • 25%
Nippon Steel • 25%
Other entity • 25%
Official announcements from the involved parties or U.S. government
Story
Biden Delays $14.9 Billion Nippon Steel-U.S. Steel Deal Enforcement to June 18, 2025
Jan 12, 2025, 03:12 AM
The Biden administration has delayed the enforcement of an executive order that required Nippon Steel to abandon its $14.9 billion bid for U.S. Steel. The delay, extending the deadline from February 2 to June 18, 2025, was granted by the Committee on Foreign Investment in the United States (CFIUS) following a request from Nippon Steel and U.S. Steel. This extension allows the courts more time to review a legal challenge filed by the companies against President Biden's order, which blocked the acquisition on national security grounds. Both companies expressed their intent to continue pursuing the completion of the transaction, emphasizing its importance for the future of the American steel industry and all stakeholders.
View original story
Similar markets
Settlement Reached • 25%
Acquisition Completed • 25%
Acquisition Blocked • 25%
Acquisition Delayed • 25%
Court System • 25%
U.S. Department of Justice • 25%
Federal Trade Commission • 25%
Biden Administration • 25%
U.S. Courts • 25%
CFIUS • 25%
Nippon Steel & U.S. Steel Settlement • 25%
Biden Administration • 25%
Withdrawn by Nippon Steel • 25%
Other outcome • 25%
Approved • 25%
Blocked by CFIUS • 25%
No • 50%
Yes • 50%
Acquisition delayed again • 25%
Acquisition blocked permanently • 25%
Acquisition completed • 25%
Acquisition abandoned • 25%
Approved without conditions • 25%
Approved with conditions • 25%
Rejected • 25%
Postponed • 25%
Approved without conditions • 25%
Approved with conditions • 25%
Withdrawn by Nippon Steel • 25%
Blocked • 25%