Reported 3 days ago
Nippon Steel Corp. is making a final effort to gain the support of US workers and politicians for its $14.1 billion bid to acquire United States Steel Corp., by outlining its $1.4 billion capital expenditure plans in a recent letter to the United Steelworkers union. The letter follows discussions with union leaders and Pennsylvania Governor Josh Shapiro, aiming to address job security concerns. However, union officials remain skeptical, citing the need for enforceable commitments. The deal has faced opposition from both President Joe Biden and President-elect Donald Trump and is currently under federal review.
Source: YAHOO