US Edition
Nippon Steel Shares Rise After Trump Approves US$14.9B Steel Bid
- President Donald Trump approved a US$14.9 billion merger between Pittsburgh-based US Steel and Nippon Steel after a long regulatory review in 2025.
- The deal had faced opposition from the Biden administration in early 2023 due to national security concerns but was cleared following government negotiations and terms.
- The partnership includes a National Security Agreement requiring about US$11 billion in investments by 2028 and a perpetual Golden Share to protect American interests.
- US Steel shareholders will receive US$55 per share, representing a 142% premium over the stock price prior to the company's announcement of its intent to explore a sale in 2023.
- The merger will create the world’s second-largest steelmaker, preserve US Steel's Pittsburgh headquarters, protect over 100,000 American jobs, and boost steel competitiveness internationally.
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MIKE POMPEO: Trump delivers major win for American steel workers where Biden failed
Trump's executive order approving Nippon Steel's acquisition of U.S. Steel brings $14 billion for modernization, preserves jobs, and strengthens alliance with Japan against China.
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Nippon Steel shares rise after Trump approves US$14.9B steel bid
Nippon Steel 5401.T shares rose on Monday after U.S. President Donald Trump approved its US$14.9 billion bid for U.S. Steel X.N, clearing a key hurdle in its 18-month pursuit and securing access to a vital market for its growth strategy.
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Nippon Steel shares rise after Trump approves US$14.9bil US Steel bid
TOKYO: Nippon Steel shares rose on Monday after US President Donald Trump approved its US$14.9 billion bid for US Steel, clearing a key hurdle in its 18-month pursuit and securing access to a vital market for its growth strategy. © New Straits Times Press (M) Bhd
·Malaysia
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Coverage Details
Total News Sources12
Leaning Left2Leaning Right3Center3Last UpdatedBias Distribution38% Center, 38% Right
Bias Distribution
- 38% of the sources are Center, 38% of the sources lean Right
38% Right
L 25%
C 38%
R 38%
Factuality
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