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Nippon Steel needs ‘management freedom’ for U.S. Steel deal, Nikkei reports

Nippon Steel’s (NPSCY) planned takeover of U.S. Steel (X) may not proceed if the Japanese company has insufficient freedom of management, Nikkei Asia’s Naoki Matsuda reports, citing comments made by a Nippon Steel executive. U.S. President Trump on Thursday said that the U.S. will have a “golden share” in U.S. Steel and that he would exercise “total control” over the fate of the steelmaker.

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