Nippon Steel Set to Finalize US Steel Acquisition After Trump's Approval

Reported about 1 month ago

Nippon Steel Corp has received conditional approval to acquire United States Steel Corp for $14.1 billion, following a national security agreement backed by the Trump administration. This deal, which will create one of the world's largest steel companies, includes a promise from Nippon Steel to invest an additional $14 billion in future projects, while also ensuring compliance with U.S. control measures in the post-transaction company. The merger is expected to close by June 18, aiming to bolster the U.S. steel industry amid ongoing trade dynamics.

Source: YAHOO

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