BUZZ-U.S. Steel up after Trump orders fresh review on buyout by Nippon Steel

Reuters
07 Apr
BUZZ-U.S. Steel up after Trump orders fresh review on buyout by Nippon Steel

** Shares of United States Steel Corp X.N rise 12.5% to $43.07

** U.S. President Donald Trump orders fresh review of Nippon Steel's 5401.T bid for U.S. Steel

** Directs Committee on Foreign Investment in the United States (CFIUS) to review the deal by the buyers to help determine whether further action may be appropriate

** Investors now hopeful of the highly scrutinized deal being greenlit by Trump administration

** Including session gains, stock had risen 26.8% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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