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Insider Paper
BREAKING - Japan’s Nippon Steel to buy US Steel for $14.1 bn: firms
05:55
https://t.me/s/insiderpaper
Japan’s Nippon Steel has agreed to buy US Steel Corp for $14.1 billion, the companies announced on Monday.
The leading Japanese steelmaker will acquire US Steel in an all-cash transaction at $55 per share, a 40 percent premium above its closing price on December 15, representing an equity value of about $14.1 billion, the companies said in a statement. Nippon will also assume the US firm’s debt, taking the total deal to $14.9 billion.
READ: https://insiderpaper.com/japans-nippon-steel-to-buy-us-steel-for-14-1-bn-firms/