U.S. panel allows Nippon Steel to resubmit buyout review request

The U.S. committee assessing whether Nippon Steel Corp.'s planned acquisition of United States Steel Corp. poses any national security threat has allowed the Japanese producer to reapply for a review, a source familiar with the decision said Wednesday.The panel's decision means the administration of President Joe Biden will be unable to block the plan, with any decision most likely now coming well after the U.S. election in November.It also means that the two companies, which announced the $14.1 billion acquisition deal in December, will have more time to convince the U.S. government that t…READ FULL ARTICLE