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Latin Times
Latin Times
Business
Vidhya Ck

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

US Steel Nippon David Burritt United States CFIUS National Security Japan
Nippon and US Steel asked a federal interagency panel to review their proposed $14.1 billion deal following protests on Capitol Hill. (Credit: AFP)

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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