According to Semafor, Nippon Steel and US Steel are negotiating with the Trump administration to salvage their $14 billion merger. The talks include a proposal for Nippon to invest billions more into aging Rust Belt facilities. In recent talks with White House officials, Nippon has proposed raising its investment in US Steel factory upgrades to as much as $7 billion. Trump initially opposed the sale but later expressed openness to a strategic investment by Nippon.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Nippon Steel and U.S. Steel are negotiating with the Trump administration to salvage their
00:06$14 billion merger, according to Semaphore.
00:08Talks include a proposal for Nippon to invest billions more into aging Rust Belt facilities.
00:13Nippon has proposed raising its investment in U.S. Steel factory upgrades
00:17to as much as $7 billion in recent talks with White House officials.
00:21Trump initially opposed the sale but later expressed openness
00:24to a strategic investment by Nippon.
00:25For all things money, visit Benzinga.com slash GSTV.
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