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Regulatory body deciding Nippon Steel and U.S. Steel merger fate by June 2025?
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Resolution / Starting Odds
U.S. Department of Justice • 25%
Federal Trade Commission • 25%
Biden Administration • 25%
Court System • 25%
Official announcements from regulatory bodies 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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Biden Administration • 25%
Nippon Steel • 25%
U.S. Courts • 25%
Other entity • 25%
No • 50%
Yes • 50%
Deal completed • 25%
Deal blocked by court • 25%
Deal abandoned by Nippon Steel • 25%
Other outcome • 25%
Case dismissed • 25%
Merger block overturned • 25%
Merger block upheld • 25%
Settlement reached • 25%
Yes • 50%
No • 50%
Conditional Approval • 25%
Approved • 25%
Rejected • 25%
Withdrawn • 25%
Regulatory compliance issues • 25%
National security concerns • 25%
Economic competition concerns • 25%
Other reasons • 25%