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U.S. Steel says Nippon Steel deal expected to close later this year
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(Reuters) — U.S. Steel Corp said in a regulatory filing on Friday that the acquisition by Nippon Steel is expected to close later this year.
The filing with exchanges comes at a time when the Japanese firm's $14.9-billion deal to buy the iconic 122-year-old U.S. steelmaker faces heightened scrutiny due to national security concerns.
U.S. President Joe Biden on Thursday expressed explicit opposition to the deal and said U.S. Steel must remain a domestically owned American firm.
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