Nippon Steel Corp. plans to invest $14 billion in United States Steel Corp. if the Trump administration approves the merger of the companies, Reuters reported.
Details of the plan include Nippon Steel investing $4 billion in a new steel mill, Reuters said, citing a document and people familiar with the matter.
Wednesday is the deadline for the completion of a new national security review of Nippon Steel’s proposed takeover. The deal was blocked on national security concerns during the final days of Joe Biden’s presidency.
Shares of US Steel were 0.4% higher at $40.49 as of 10:52 a.m. in ...
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