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 President Joe Biden is preparing to block Nippon Steel Corp.’s $14.1 billion takeover of United States Steel Corp., according to people familiar with the matter.But US Steel, responding on Wednesday evening,

The Biden administration on Tuesday extended its review of Nippon Steel’s take over of U.S. Steel, effectively pushing a final presidential decision on the matter past Election Day.