CNBC’s David Faber said via X, “Nippon Steel (NPSCY), after a lengthy political battle, gets the approval to acquire U.S. Steel (X) for $55 a share and a lot more in promised investment.” Shares of U.S. Steel are up 4% in after-hours trading to $53.97.
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Read More on X:
- Trump approves Nippon Steel acquisition of U.S. Steel, Nikkei reports
- U.S. Steel up another 3% to $53.70 after Nikkei says Trump approved buyout
- Trump approves Nippon purchase of U.S. Steel, Nikkei reports
- U.S. Steel extends rise to 22% after Trump post about Nippon Steel ‘partnership’
- Cleveland-Cliffs down 5% after Trump post about U.S. Steel, Nippon partnership
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