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International Business Times
International Business Times
Vidhya Ck

US Steel CEO Says Sale To Nippon Must Happen For Company To Succeed, Save Jobs

US Steel David Burritt Nippon United States CFIUS National Security Nippon Steel
U.S. Steel CEO David Burritt is confident that Nippon Steel's $14.9 billion bid for the company will "close on its merits." (Credit: Pixabay)

U.S. Steel CEO David Burritt expressed confidence that Nippon Steel's $14.9 billion bid for the company will "close on its merits" despite facing political opposition.

"We strongly believe the deal closes on its merits. It strengthens national security, it strengthens economic security and it strengthens job security," Burritt told CNBC's Money Movers.

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