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U.S. political opposition to disrupt Nippon Steel's acquisition of U.S. Steel by end of 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Legislative actions or official government statements
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EU Approves Nippon Steel's $14.9 Billion Acquisition of U.S. Steel
May 6, 2024, 01:10 PM
The European Commission has approved Nippon Steel's acquisition of U.S. Steel for $14.9 billion. The deal, which grants Nippon Steel sole control of the U.S. company, was cleared despite political opposition in the United States, including from President Biden. This acquisition does not raise competition concerns according to the European Commission.
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Supportive measures passed • 33%
Oppositional measures passed • 33%
No significant measures • 33%
Yes • 50%
No • 50%
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Strongly oppose • 33%
Moderately oppose • 33%
Support • 34%