WASHINGTON/TOKYO -- U.S. President Donald Trump said Sunday that Nippon Steel would not be allowed to take a majority stake in U.S. Steel, making it highly likely the Japanese company will need to fundamentally revise its plan to acquire its American peer.
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Trump says Nippon Steel not allowed to take majority in U.S. Steel
Nippon Steel considering 'bold' revision to buyout plan, says Japan's chief spokesman
American President Donald Trump says Nippon Steel has agreed to invest heavily in U.S. Steel, describing the potential move as "very exciting." (Nikkei montage/Source photos by Yuki Nakao and Reuters)
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