United States Steel and Nippon Steel announced on 30 May 2024 that they had received all regulatory approvals outside the United States for Nippon Steel's 14.9 billion dollar acquisition of U.S. Steel. The clearances came from the European Commission, under both the EU Merger Regulation and the Foreign Subsidies Regulation, as well as from the competition authorities of Mexico, Serbia, Slovakia and Turkey. With all non-US approvals secured, only the remaining US reviews stood between the companies and completion, including the national security review by the Committee on Foreign Investment in the United States and the Department of Justice antitrust investigation. The companies said they expected the transaction to be completed in the second half of 2024, subject to the remaining closing conditions. U.S. Steel shareholders had approved the deal on 12 April, with more than 98 percent of the shares voted cast in favour.
Source: Energy Analytics Institute (U.S. Steel announcement) — https://energy-analytics-institute.org/?p=35922
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