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Outcome of CFIUS Review on Nippon Steel's Acquisition of U.S. Steel by Dec 31, 2024
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Resolution / Starting Odds
Acquisition Blocked • 25%
Acquisition Approved • 25%
Acquisition Approved with Conditions • 25%
No Decision by Deadline • 25%
Official CFIUS announcement or government statement
Story
Biden Set to Block $14.1B Nippon Steel Acquisition of U.S. Steel, Shares Drop 18%
Dec 10, 2024, 08:33 PM
President Joe Biden is set to block the $14.1 billion acquisition of United States Steel Corp. by Japan's Nippon Steel Corp. on national security grounds. The decision, expected to be formally announced later this month, follows a referral from the Committee on Foreign Investment in the United States (CFIUS). The move has led to a significant drop in U.S. Steel shares, with trading being halted multiple times due to volatility. Shares of U.S. Steel fell as much as 18% before the latest halt. Both companies are likely to pursue litigation if the deal is blocked, according to reports. U.S. Steel shares were down 9% and halted for volatility after falling 8.8% in New York.
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Deal Blocked • 25%
Deal Approved • 25%
Further Review Required • 25%
Other Outcome • 25%
Approved • 33%
Blocked • 33%
Approved with conditions • 34%
Approved • 25%
Rejected • 25%
Conditional Approval • 25%
Withdrawn • 25%
Approved without conditions • 25%
Approved with conditions • 25%
Blocked • 25%
Decision delayed • 25%
Approved without conditions • 25%
Approved with conditions • 25%
Blocked by U.S. government • 25%
Withdrawn by Nippon Steel • 25%
Approved • 25%
Blocked by CFIUS • 25%
Withdrawn by Nippon Steel • 25%
Other outcome • 25%
Approved without conditions • 25%
Approved with conditions • 25%
Rejected • 25%
Withdrawn by Nippon Steel • 25%
Approved without conditions • 25%
Approved with conditions • 25%
Blocked • 25%
Withdrawn by Nippon Steel • 25%
Acquisition blocked • 25%
Acquisition approved with conditions • 25%
Acquisition approved without conditions • 25%
Acquisition withdrawn by Nippon Steel • 25%