Nippon steel has not axed its bid for US Steel, sources say
FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024. REUTERS/Issei Kato/File Photo
WASHINGTON : Nippon steel has not withdrawn its $14.9 billion bid to buy U.S. Steel, two people close to the deal said on Friday, after President Donald Trump said earlier the Japanese steelmaker would "invest" in US Steel but not buy it.
Nippon Steel and U.S. Steel declined to comment.
Source: Reuters
