Hedge fund Third Point owns a “meaningful” stake in U.S. Steel (X) and expects a planned takeover deal to move ahead and also sees opportunities in the credit markets as investors adjust to policies imposed by the Trump administration, reported Reuters. Daniel Loeb told investors in a letter seen by Reuters that the firm believes U.S. Steel “will complete a planned merger with Nippon Steel based on the industrial logic of the combination,” the news service reported.
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