02:39 PM EDT, 07/19/2024 (MT Newswires) -- Nippon Steel has hired former US Secretary of State Mike Pompeo to help close its proposed purchase of United States Steel ( X ) , Bloomberg reported Friday, citing people familiar with the matter.

Pompeo, who served under former President Donald Trump, will advise the Japanese company on its $14.1 billion purchase, the people reportedly told Bloomberg.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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