TOKYO -- The U.S. has extended its national security review of Nippon Steel's $14.9 billion takeover bid for U.S. Steel, a source familiar with the matter confirmed to Nikkei, likely pushing back the government's decision until after the presidential election in November.
The Washington Post had earlier reported the Committee on Foreign Investment in the United States (CFIUS), a governmentwide panel that screens foreign investment deals for security risks, decided on Tuesday to allow Nippon Steel to resubmit the application for review.
