TOKYO (Reuters) – Nippon Steel Corp., a Japanese company, said on Thursday it had not received any updates from the Committee on Foreign Investment in the United States (CFIUS) on its proposed $14.9 billion takeover of U.S. Steel.

“From the beginning of the regulatory review process, we made clear to the administration that we did not believe this transaction raised any national security concerns,” Nippon Steel said in a statement.

Sources familiar with the matter told Reuters on Wednesday that the White House is close to announcing that President Joe Biden will block Nippon Steel’s takeover of US Steel, citing national security concerns amid growing bipartisan opposition to the deal.