Nippon Steel acquires US Steel for $14.9bn after months of struggle

[IroNat]

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.

[Humble Narcissist]

The Japs are buying us up.

[IroNat]

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.

[loco]

[Humble Narcissist]

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.

That's fine but they should have just modernized themselves.

[IroNat]

That's fine but they should have just modernized themselves.

They have no money to do so.

U.S. Steel is practically bankrupt.

[Humble Narcissist]

They have no money to do so.

U.S. Steel is practically bankrupt.

Unions?

[IroNat]

Unions?

Here's a report explaining the decline of the American steel industry.

https://www.elibrary.imf.org/view/journals/022/0024/004/article-A009-en.xml