Biden Says He Hasn t Changed His Mind on Nippon Steel Deal

U.S. President Joe Biden delivers remarks on climate at the Bloomberg Global Business Forum, on the sidelines of the 79th session of the United National General Assembly (UNGA) in New York City, U.S., September 24, 2024. (REUTERS/Elizabeth Frantz)

DOVER, Delaware (Reuters) - U.S. President Joe Biden on Friday said he had not changed his mind about Nippon Steel's $14.9 billion bid for U.S. Steel despite the extension of a national security review of the proposed tie-up.

“I haven’t changed my mind,” he told reporters, when asked if the extension indicated a change of heart.

Biden, as well as his Vice President and Democratic Presidential nominee Kamala Harris, have said U.S. Steel should remain American-owned.

 

(Reporting by Gabriella Borter; Writing by Alexandra Alper; Editing by Leslie Adler)