US Steel shares sink after Kamala Harris ownership comments
Harris says US Steel should remain American-owned (Il Sole 24 Ore Radiocor) - New York, 03 Sep - Shares in US Steel were sharply lower in premarket trading after vice president Kamala Harris said the company should remain American-owned, opposing the 14.1 billion dollar takeover proposed by Japan's Nippon Steel.
The Democratic presidential candidate said yesterday at a Labor Day event US Steel should remain domestically owned and operated.
Republican nominee Donald Trump has said he would also block the deal should he win a second term in November's presidential elections.
At 1233 GMT shares in US Steel were down 4.5%.
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(RADIOCOR) 03-09-24 14:41:05 (0330) 5 NNNN