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US and Nippon Steel Seal the Deal
Initially opposed by two Presidents, the United Steelworkers union, and a raft of rivals, Nippon Steel Co. finalized its deal to acquire 100% of Pittsburgh, Pennsylvania-based U.S. Steel Co. on Wednesday, June 18 for $14.9 billion. The final deal includes government-approved conditions that, among other things, grants the President of the United States strong oversight into business decisions made by the newly owned U.S. Steel. In a joint statement, the companies claimed the partnership would create more than 100,000 jobs of “direct, indirect, and induced” jobs in Pennsylvania, Indiana, Arkansas, Minnesota, and ... (full story)
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- Jun 18, 2025 2:45pm Posted byFundamental Analysis226
