March 15 (Reuters) - U.S. Steel Corp said in a
regulatory filing on Friday that the acquisition by Nippon Steel ( NISTF )
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.
Cleveland-Cliffs CEO Lourenco Goncalves said on
Thursday he would consider another bid for U.S. Steel likely
worth no more than $30 per share if the Nippon Steel ( NISTF ) deal falls
apart.