Tag: ISHIBA
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Trump’s Comments on Nippon Steel Investment Surprise U.S. Steel Executives
President Trump’s comments about Nippon Steel investing in U.S. Steel surprised shareholders and executives from both companies, who were unaware of the discussions beforehand. Following the announcement, shares of U.S. Steel dropped significantly. As both companies are working on a major merger, they have kept silent regarding the investment details. U.S. President Donald Trump’s recent…
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Trump Blocks Nippon Steel Majority Stake in U.S. Steel
President Trump stated that Nippon Steel cannot hold a majority stake in U.S. Steel, indicating they may pursue increased investment instead. This follows a meeting with Japan’s Prime Minister, where a revised investment plan was discussed, potentially increasing the company’s initial $2.7 billion commitment. On Sunday, President Donald Trump announced that Nippon Steel would not…