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.

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.

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,