Japan's Nippon Steel on Monday declined to comment on U.S. President Donald Trump's statement that no one can have a majority stake in U.S. Steel.
"They'll be looking at an investment rather than a purchase," President Donald Trump said at a news conference with Japanese Prime Minister Shigeru Ishiba.
CNBC reported Friday that the president was considering letting the deal go through.
U.S. President Donald Trump is considering allowing Japan's Nippon Steel to complete its $14.9 billion buyout of United States Steel , CBS News reported on Friday.
President Donald Trump is set to meet with the CEO of U.S. Steel at the White House as Nippon Steel touts the benefits of its proposed acquisition of the struggling steelmaker.
United Steelworkers president David McCall filed a motion to dismiss a lawsuit filed against him by U.S. Steel and Nippon Steel , the union said on Wednesday.
Nippon Steel will launch a $456 million tender offer to make Sanyo Special Steel a wholly owned unit, Japan's biggest steelmaker said on Friday.
CNBC's Morgan Brennan joins 'Squawk Box' to report on the latest news.
Activist investor Ancora Holdings is preparing to wage a proxy battle at U.S. Steel and wants the company to drop its merger agreement with Japan's Nippon Steel , the Wall Street Journal reported on Sunday, citing sources.
The bid by Japan's Nippon Steel to buy U.S. Steel may have a new lease on life after the Biden Administration extended a deadline for the Japanese steelmaker to abandon plans to acquire the storied Pittsburgh company after President Joe Biden blocked the deal.
CNBC's Becky Quick reports on the latest news.
Japan Prime Minister Shigeru Ishiba asked U.S. President Joe Biden to allay concerns in the Japanese and U.S. business communities over the status of Nippon Steel's planned acquisition of U.S. Steel.