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Getbig Main Boards => Politics and Political Issues Board => Topic started by: IroNat on June 18, 2025, 04:47:12 PM

Title: Nippon Steel acquires US Steel for $14.9bn after months of struggle
Post by: IroNat on June 18, 2025, 04:47:12 PM

https://www.aljazeera.com/economy/2025/6/18/nippon-steel-acquires-us-steel-for-14-9bn-after-months-of-struggle

Under the deal terms, Nippon bought 100 percent of US Steel shares at $55 per share which was first used in December 2023. A news release on the filing also discloses details of a national security agreement inked with the Trump administration, which gives Trump the authority to name a board member, as well as a non-economic golden share.

Title: Re: Nippon Steel acquires US Steel for $14.9bn after months of struggle
Post by: Humble Narcissist on June 19, 2025, 12:12:22 AM

The Japs are buying us up.

Title: Re: Nippon Steel acquires US Steel for $14.9bn after months of struggle
Post by: IroNat on June 19, 2025, 07:43:23 AM

Quote from: Humble Narcissist on Today at 12:12:22 AM

The Japs are buying us up.

U.S. Steel's plants are generally obsolete and Nippon Steel is supposed to modernize them so nothing to lose possibly by letting them take over.

The article mentions reasons why Nippon Steel wants to buy the company.

Title: Re: Nippon Steel acquires US Steel for $14.9bn after months of struggle
Post by: loco on June 19, 2025, 09:34:05 AM

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