Nippon Steel (NPSCY) confirmed to Bloomberg that it has hired former Secretary of State Mike Pompeo to help complete a proposed purchase of US Steel (X), Josh Wingrove and Jennifer Jacobs report. Pompeo served as Secretary of State under former president Donald Trump, The deal’s fate is unclear as it undergoes a national security review and faces opposition by the United Steelworkers union, Bloomberg says. Shares of U.S. Steel are up 1% to $38.25 following the report.
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