Reported 8 months ago
US Steel Corp. CEO David Burritt expressed strong confidence that Nippon Steel's $14.1 billion takeover deal will go through this year, despite opposition from union leaders and the Biden administration. Nippon Steel agreed to acquire US Steel in December, but challenges from the United Steelworkers and President Biden have raised uncertainty. The deal's closing is US Steel's top priority, with efforts being made to persuade union leaders and authorities of its benefits.
Source: YAHOO