Nippon Steel Closes Its $14.1 Billion Acquisition of US Steel
- Nippon Steel completed its $14.9 billion acquisition of U.S. Steel on a Wednesday, finalizing full ownership and retaining U.S. Steel's name and Pittsburgh headquarters.
- The deal faced 18 months of scrutiny including opposition from Joe Biden, who blocked it on national security grounds in January 2025, before Trump approved it after concessions from Nippon.
- The acquisition agreement includes a golden share giving the U.S. government veto power over decisions affecting plants, production, and staffing to protect U.S. jobs.
- Nippon Steel committed $11 billion in new investments into U.S. Steel, promising to meet U.S. steel production demands and placing U.S. citizens in key management roles.
- The U.S. Steelworkers union pledged to monitor Nippon’s commitments closely, while the deal establishes one of the world's largest steelmakers with a strong U.S. presence.
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Nippon says deal done to acquire US Steel
HARRISBURG, Pa. — Nippon Steel and U.S. Steel said Wednesday they finalized their "historic partnership," a deal that gives the U.S. government a say in some matters and comes a year-and-a-half after the Japanese company first proposed its nearly $15…
·Bryan, United States
Read Full ArticleNippon Steel-US Steel Deal Closes, With a Change
Nippon Steel and US Steel said Wednesday they have finalized their "historic partnership," a deal that gives the US government a say in some matters and comes a year-and-a-half after the Japanese company first proposed its nearly $15 billion buyout of the iconic American steelmaker. The pursuit by Nippon Steel...
·Miami, United States
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Leaning Left31Leaning Right21Center84Last UpdatedBias Distribution62% Center
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