Nippon Steel said it expects the US to make a decision on whether it will allow its $15 billion acquisition of U.S. Steel (X) by June 5, the company's president Tadashi Imai told journalists on Friday, Reuters reported.
"We'll take all necessary steps to ensure the transaction closes," he reportedly said.
Nippon Steel's Vice Chairman Takahiro Mori told reporters he expects US regulators to make a recommendation by May 21 while US President Donald Trump will make a final decision by June 5, the report said.
"We continue to believe that the U.S. Steel deal poses no risk to US national security," Mori reportedly said.
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