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U.S. Steel's so-called “partnership” with Nippon appears to be nearing its end after about 18 months after it was announced.
U.S. Steel (X) rallied in premarket trading after President Trump gave the green light on a partnership between it and Nippon Steel. Jenny Horne talks about the rocky road both companies treaded to today's approval and how it shakes up the steelmaker industry.
Trump issued an order that allowed U.S. Steel and Nippon to finalize their merger so long as they signed a national security agreement with the U.S. government.
Nippon Steel shares rose on Monday after U.S. President Donald Trump approved its $14.9 billion bid for U.S. Steel , clearing a key hurdle in its 18-month pursuit and securing access to a vital market for its growth strategy.
Administration officials secured a deal that will give the president unusual influence over a private company, and could serve as a model for other deals.
Sen. Dave McCormick, R-Pa., joins ‘Mornings with Maria' to discuss President Donald Trump's announcement that a U.S.-China trade deal is complete and weighs in on the potential U.S. Steel-Nippon agreement.
President Donald Trump issued an executive order on Friday approving U.S. Steel's merger with Japan's Nippon Steel, after the companies signed a national security agreement with the U.S. government. In this article X
U.S. President Donald Trump has approved the partnership between United States Steel Corp and Japan's Nippon Steel , the companies said on Friday.
The agreement with Nippon Steel is designed to resolve national-security concerns with the company's planned acquisition of U.S. Steel.
PITTSBURGH & TOKYO--(BUSINESS WIRE)--United States Steel Corporation (“U. S. Steel”) (NYSE: X) and Nippon Steel Corporation (“Nippon Steel”) (TSE: 5401) together with its wholly owned subsidiary Nippon Steel North America, Inc. (“NSNA”) (collectively, the “Companies”) today announced that President Trump has approved the Companies' historic partnership that will unleash unprecedented investments in steelmaking in the United States, protecting and creating more than 100,000 jobs.1 On May 30, 202.