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Shares of steel giants Nucor Corp (NYSE:NUE) and United States Steel Corp (NYSE:X) are surging after President Donald Trump on Sunday announced plans to impose a 25% tariff on steel and aluminum imports.
CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora” or “we”), a diversified investment firm that oversees approximately $10 billion in assets, today issued the below letter to the Board of Directors (the “Board”) of United States Steel Corporation (NYSE: X) (“U.S. Steel” or the “Company”) following President Donald J. Trump's recent comments that reaffirm his opposition to a sale of the Company to Nippon Steel Corporation (“Nippon”). A full copy of.
Japan's Nippon Steel on Monday declined to comment on U.S. President Donald Trump's statement that no one can have a majority stake in U.S. Steel.
President Donald Trump on Friday said Japan's Nippon Steel agreed to drop its nearly $15 billion bid to acquire U.S. Steel and will “heavily” invest in the company instead, ending a yearlong deal to merge the two companies after bipartisan opposition.
U.S. President Trump made remarks to the Japanese prime minister about U.S. Steel-Nippon Steel deal.
President Donald Trump says that Nippon Steel is considering investing in US Steel Corp. instead of an outright purchase during a joint news conference with Japanese Prime Minister Shigeru Ishiba. Sign up for the Washington Edition newsletter to find out how the worlds of money and politics intersect in the US capital: https://bloom.bg/3KkEimO -------- More on Bloomberg Television and Markets Like this video?
U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba said on Friday Japan was looking at an investment in U.S. Steel instead of an acquisition.
"They'll be looking at an investment rather than a purchase," President Donald Trump said at a news conference with Japanese Prime Minister Shigeru Ishiba.
CNBC reported Friday that the president was considering letting the deal go through.
U.S. President Donald Trump is considering allowing Japan's Nippon Steel to complete its $14.9 billion buyout of United States Steel , CBS News reported on Friday.