Japan’s Nippon expected to close acquisition of U.S. Steel at $55 per share
Japan’s Nippon Steel is set to finalize its $55-per-share acquisition of U.S. Steel, after President Trump cleared the deal, calling it a “partnership.” Nippon plans to invest $14 billion over 14 months, with U.S. Steel’s headquarters staying in Pittsburgh. The deal was initially blocked by President Biden over national security concerns, but Trump ordered a new review. U.S. Steel’s board will have a U.S. majority, … Continue reading Japan’s Nippon expected to close acquisition of U.S. Steel at $55 per share
