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Trump's $14B Power Play: Japan Buys US Steel--But America Keeps the Keys

From gurufocus.com

The $14.1 billion takeover of United States Steel (X, Financial) by Japan's Nippon Steel is alive, kicking—and reportedly on track to close before a key June 18 deadline. Sources close to the matter say talks with the U.S. government are moving toward the finish line, with negotiations centering around national security, governance, and—of course—politics. The Committee on Foreign Investment in the United States (CFIUS) hasn't wrapped up its investigation just yet, but insiders say it's likely to greenlight the deal before time runs out. Markets are pricing in success: US Steel shares have hovered above $53 since ... (full story)

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  • Category: Fundamental Analysis