WASHINGTON, Feb 6 (Reuters) - President Donald Trump on
Thursday met U.S. Steel Chief Executive David Buritt at
the White House as the struggling steelmaker has been pushing
for a decision on its long sought tie-up with Japan's Nippon
Steel ( NISTF ) .
A proposed $14.9 billion merger between the two companies
was blocked last month by former President Joe Biden.
Trump has also opposed the deal but has welcomed Japanese
investment in the technology sector. He will meet Friday with
Japan's Prime Minister Shigeru Ishiba at the White House.
Last year, Trump said "I am totally against the once great
and powerful U.S. Steel being bought by a foreign company, in
this case Nippon Steel ( NISTF ) of Japan."
However, Nippon Steel ( NISTF ) said on Thursday that its bid fits
with Trump's goal of a stronger U.S. as the leaders of the two
allies prepared to meet.
"We are convinced that our acquisition plan is the best
proposal for U.S. Steel, and I hope that the (Japanese Prime
Minister Shigeru) Ishiba-Trump meeting will convey that to Trump
and open the way for a deal," Takahiro Mori, Nippon Steel's ( NISTF ) vice
chairman, told reporters on Thursday.
Meta's Mark Zuckerberg and FedEx ( FDX ) Executive Chairman and
Founder Frederick Smith were also at the White House for
meetings on Thursday. It remained unclear if they met Trump.