US President Joe Biden is set to make a decision on the proposed $12.3 billion acquisition of US Steel Corp. by Nippon Steel Corp., after a national security panel failed to reach a consensus on its review. The deal’s future now rests with the President, who has repeatedly expressed his opposition to it. Companies involved in the deal have warned that they will take the matter to court if the takeover is blocked.
Source: https://www.bloomberg.com/news/articles/2024-12-24/biden-to-decide-on-us-steel-acquisition-after-panel-deadlocks