May. 27 at 2:55 PM
$X $NPSCY
Nippon expected to close acquisition of U.S. Steel at
$55 per share, CNBC says
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.