Japan’s Nippon Steel has quadrupled its investment pledge in US Steel over the next few years in a major push to win over President Donald Trump and gain approval for the politically fraught takeover.
Nippon, whose bid for the American company was blocked by his predecessor Joe Biden and opposed by Trump on the campaign trail, has bumped up its capital commitment to $11bn by 2028, according to two people familiar with the matter.
The Japanese company has also promised to add tens of thousands of jobs over a period of years, the two people added.
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