Deals
US Steel Shares Fall as Trump, Shapiro Deflate Sale Optimism
United States Steel Corp. shares slumped as much as 7.6% on Monday before closing down 6%.
Photographer: Justin Merriman/BloombergThis article is for subscribers only.
Former US President Donald Trump and Pennsylvania Governor Josh Shapiro reiterated opposition to Nippon Steel Corp.’s planned purchase of United States Steel Corp., with the latter’s shares falling the most in five months.
“I will stop Japan from buying US Steel,” Trump said Monday in Pennsylvania, repeating his objections to the $14.1 billion takeover. Nippon Steel is based in Japan but is not a state-owned enterprise.