Trump says Nippon will "invest heavily" in U.S. Steel and drop ownership bid

President Trump said Friday that Japan's Nippon Steel will drop its $14.1 billion bid to acquire U.S. Steel and instead "invest heavily" in the company.

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Trump says Nippon will invest heavily in U.S. Steel rather than purchase the company

"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 - 3h
Trump Says Nippon Steel Will Make Major Investment in U.S. Steel

President Trump supports the Japanese company’s taking a stake in the American steel maker after the U.S. blocked a $14 billion takeover bid.
The New York Times - 3h

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