US Steel, Nippon Steel Were Blindsided by Trump Investment Talk

Trump Supports Nippon Steel's Minority Stake Bid Amid Controversy

Trump Supports Nippon Steel's Minority Stake Bid Amid Controversy U.S. President Donald Trump has expressed his willingness to allow Nippon Steel to take a minority stake in U.S. Steel, despite the rejection of a more extensive merger. The Japanese company's focus is currently on potential investments in U.S. Steel's debt.The transaction, estimated at $14.9 billion, initially faced political resistance from both Trump and former President Joe Bi…

US Steel, Nippon Steel Were Blindsided by Trump Investment Talk

US President Donald Trump’s comments last week that Nippon Steel Corp. would invest in United States Steel Corp. instead of pursuing a takeover surprised shareholders. It turns out that his words blindsided both companies as well.

President Says Nippon Steel to Invest in U.S. Steel Instead of Purchasing – The Presidential Prayer Team

He made the announcement at the White House during the visit with Japanese Prime Minister Ishiba. President Donald Trump announced that Japanese company Nippon Steel will “invest heavily”…