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US Steel CEO confident Nippon Steel deal will close ‘on its own merits’ By Reuters

© Reuters. FILE PHOTO: The Nippon Steel Corporation logo is displayed at the company's headquarters in Tokyo, Japan, in this photo taken by Kyodo on May 1, 2019. Mandatory credit Kyodo/via REUTERS/File Photo

(Reuters) – US Steel CEO David Burritt said on Tuesday he was confident Nippon Steel’s $14.9 billion bid for his company would “close on merits” despite political opposition and raised concerns in a national security assessment.

Burritt, speaking at the Detroit Economic Club, described the review process as “very robust,” but added, “we trust the process, we respect the process.”

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