How Nippon Steel’s come-from-behind deal for U.S. Steel unfolded

How Nippon Steel's come-from-behind deal for U.S. Steel unfolded How Nippon Steel's come-from-behind deal for U.S. Steel unfolded

TOKYO/NEW YORK — “At stake is whether or not President Trump will accept [our proposal]. No more, or no less,” Eiji Hashimoto, chairman and CEO of Nippon Steel, said in late May.

The tug-of-war over U.S. Steel between the administration of President Donald Trump and Japan’s top steelmaker has been settled, 18 months after the initial proposal.