WASHINGTON (Reuters) – U.S. Metal stated in an announcement on Saturday that the Biden administration will maintain off imposing a requirement specified by an government order this month that Nippon Metal abandon its $14.9 billion bid for U.S. Metal.
The events beforehand had 30 days to unwind their transaction.
The delay will give the courts time to evaluate a authorized problem introduced by the events earlier this month in opposition to President Joe Biden’s order.
