Trump considering allowing Nippon Steel’s $14.9 billion US Steel takeover, CBS News reports

 

(Reuters) – U.S. President Donald Trump is considering allowing Japan’s Nippon Steel to complete its $14.9 billion buyout of United States Steel, 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)

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