U.S. President Donald Trump said on Friday he would not mind if Nippon Steel took a minority stake in U.S. Steel , but noted the Japanese company was considering purchases of U.S. Steel's debt.

Nippon Steel has blown new life into the U.S. Steel (X) takeover saga on reports that it still intends to buy 100% of the company.Maximize Your

President Trump said Friday that Japan's Nippon Steel will drop its $14.1 billion bid to acquire U.S. Steel and instead "invest heavily" in the company.

U.S. President Donald Trump said on Friday Japan's Nippon Steel will not buy U.S. Steel and would instead invest in the company, which would dramatically reshape the $15 billion merger bid that had been in negotiation for more than a year.

President Donald Trump is suggesting that Nippon Steel will no longer buy U.S. Steel as planned, but the Japanese company will instead invest in the symbolically important American business.

Japan's Nippon Steel on Monday declined to comment on U.S. President Donald Trump saying that no one can have a majority stake in acquisition target U.S. Steel.

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