Trump considering allowing Nippon Steel's $14.9 bln US Steel takeover, CBS News reports

Reuters

02-08

Trump considering allowing Nippon Steel's $14.9 bln US Steel takeover, CBS News reports

Feb 7 (Reuters) - U.S. President Donald Trump is considering allowing Japan's Nippon Steel 5401.T to complete its $14.9 billion buyout of United States Steel X.N, CBS News reported on Friday.

Approval of the transaction is not definite, and Trump has not made a final decision, it reported citing sources.

(Reporting by Aatreyee Dasgupta in Bengaluru)

((Aatreyee.Dasgupta@thomsonreuters.com;))

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