Deals
Lutnick Fields Rival US Steel Bids by Nippon Steel, Activist
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US Commerce Secretary Howard Lutnick has emerged as a key player in determining the future of United States Steel Corp., holding back-to-back meetings with rival bidders for the American steelmaker last week.
Nippon Steel Corp., which is fighting to rescue its friendly deal for US Steel, has offered to invest an additional $7 billion if the Japanese company completes its $14.1 billion takeover, according to people familiar with the proceedings, who asked not to be identified because discussions are private.