U.S. Steel acquisition by Nippon Steel to close by June 18

Investing.com -- Nippon Steel’s acquisition of U.S. Steel is set to close by June 18, according to a Saturday report from the Nikkei that did not cite its sources for this information.

The Japanese steelmaker received conditional approval from U.S. regulators for the $14.1 billion purchase of the American steel producer.

While June 18 marks the deadline for the merger agreement between the two companies, they have not provided a specific date for when the transaction will officially close.

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