U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.

US Steel CEO confident in potential merger with Japan's Nippon Steel, despite Biden administration's opposition. Deal could close at $55/share.

CEO David Burritt said he's adamant that the company's $14 billion sale to Nippon Steel (OTCPK:NPSCY) will close. " I can't imagine it's not going to go through," Burritt said at an Economic Club event in Detroit on Tuesday.

U.S. Steel CEO David Burritt said on Tuesday he was confident Nippon Steel's $14.9 billion bid for his company would "close on its merits," despite political opposition and concerns raised in a national security review.

A decision on the national security review is potentially pushed out until after November’s presidential vote.

A US security panel has granted Nippon Steel Corp. permission to refile its plans to purchase United States Steel Corp., for $14.1 billion, likely pushing a decision on the politically contentious takeover past the US elections in November,

By Jeff Mason, Alexandra Alper and Katya Golubkova WASHINGTON/TOKYO (Reuters) -The U.S. national security panel reviewing Nippon Steel's $14.9 billion bid for U.S. Steel let the companies refile their application for approval of the deal,

President Joe Biden, Democratic nominee Kamala Harris and Republican nominee Donald Trump all oppose Nippon Steel's $14.9 billion takeover bid for U.S. Steel.

The US government has extended its national security review of Nippon Steel’s proposed $15bn acquisition of US Steel, in a surprise move given that the deal had been opposed by Joe Biden and Kamala Harris.