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Nippon Steel says US Steel planned takeover ‘reinforces American industry’

Nippon Steel, US Steel file suit over 'illegal interference' in merger plan: statement
Source: Video Screenshot

Japan’s Nippon Steel said Tuesday that its planned takeover of US Steel will reinforce American industry, after US President-elect Donald Trump vowed to block the $14.9-billion deal.

“Nippon Steel is determined to protect and grow US Steel in a manner that reinforces American industry, domestic supply chain resiliency, and US national security,” the Japanese firm said.

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AFP

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

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