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Market
Nippon Steel abandon U.S. Steel bid by June 18, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official statements from Nippon Steel or U.S. Steel
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.
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Settlement Reached • 25%
Acquisition Completed • 25%
Acquisition Blocked • 25%
Acquisition Delayed • 25%
Blocked by CFIUS • 25%
Approved • 25%
Other outcome • 25%
Withdrawn by Nippon Steel • 25%
Acquisition blocked permanently • 25%
Acquisition completed • 25%
Acquisition abandoned • 25%
Acquisition delayed again • 25%
Withdrawn by Nippon Steel • 25%
Approved without conditions • 25%
Blocked by U.S. government • 25%
Approved with conditions • 25%
