Japan’s Nippon Steel (NPSCY) is expected to acquire U.S. Steel (X) for $55 per share, sources familiar with the matter told CNBC’s David Faber. President Trump ordered a new review of the proposed acquisition in April, despite his previous opposition to Nippon acquiring U.S. Steel, and on Friday reported that he had cleared what he referred to as a “partnership,” CNBC’s Spencer Kimball noted.
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