« previous next »
Pages: [1]   Go Down

Author Topic: Nippon Steel acquires US Steel for $14.9bn after months of struggle  (Read 229 times)

IroNat

  • Getbig V
  • *****
  • Posts: 38721
  • Are you a Getbigger?
Nippon Steel acquires US Steel for $14.9bn after months of struggle
« 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.
Logged

Humble Narcissist

  • Getbig V
  • *****
  • Posts: 32225
Re: Nippon Steel acquires US Steel for $14.9bn after months of struggle
« Reply #1 on: Today at 12:12:22 AM »
The Japs are buying us up.
Logged

IroNat

  • Getbig V
  • *****
  • Posts: 38721
  • Are you a Getbigger?
Re: Nippon Steel acquires US Steel for $14.9bn after months of struggle
« Reply #2 on: Today at 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.
Logged

loco

  • Getbig V
  • *****
  • Posts: 20446
  • loco like a fox
Re: Nippon Steel acquires US Steel for $14.9bn after months of struggle
« Reply #3 on: Today at 09:34:05 AM »
Logged
Pages: [1]   Go Up
« previous next »