BUZZ-U.S. Steel rises on delayed enforcement of order blocking deal with Nippon Steel
ReutersJan 13, 2025 9:57 AM
** Shares of U.S. Steel X.N rise 1.6% in premarket trading
** Biden administration delays enforcement of order blocking U.S. Steel's merger with Japan's Nippon Steel 5401.T until June
** President Joe Biden blocked the $14.9 billion acquisition of the American steel firm by Nippon Steel on national security grounds on Jan. 3
** U.S. Steel's shares fell about 30% in 2024 and have been marginally up this year
(Reporting by Shivansh Tiwary in Bengaluru)
((Shivansh.Tiwary@thomsonreuters.com; +91 9708363192; X: @Shivansh_19_;))
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