Japanese steel company to purchase U.S. Steel for nearly $15B
PITTSBURGH — Japan’s largest steelmaker, Nippon Steel Corporation, is planning to purchase U.S. Steel.
A press release issued on BusinessWire says NSC plans to acquire U.S. Steel for $55 per share, for a total of nearly $15 billion.
The release says this acquisition was unanimously approved by the board of directors for both NSC and U.S. Steel. It’s expected to close in the second or third quarter of 2024.
https://www.wpxi.com/news/local/japanese-steel-company-purchase-us-steel-nearly-15b/WPAJV6BCA5AN5JNKMJ7MVFCCLY/
https://www.businesswire.com/news/home/20231218603022/en/Nippon-Steel-Corporation-NSC-to-Acquire-U.-S.-Steel-Moving-Forward-Together-as-the-%E2%80%98Best-Steelmaker-with-World-Leading-Capabilities%E2%80%99