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KEY TAKEAWAYS United States Steel shares are jumping in premarket trading Monday, as the Pittsburgh-based company’s takeover by Japan’s Nippon Steel looks set to close following the deal's approval by President Donald Trump.
After a year and a half of government talks, countless regulatory hiccups and last-minute negotiations, Nippon Steel Corp. secured its much-wanted prize late last week when President Donald Trump approved the $14.
The companies said they had entered into an agreement with the U.S. government to alleviate any national security concerns.
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President Donald Trump has signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national security agreement” submitted
The Trump administration revealed some more insight into the "golden share" arrangement being made with Nippon Steel and U.S. Steel. The deal would give the president final say on relocating U.S. Sttel's headquarters, changing the name of the company ...
Even before the political complications that have hampered Nippon Steel’s U.S. gambit, the offer price looked steep. At $55 a share, Nippon Steel will pay a 142% premium to the level U.S. Steel was trading at before it effectively put itself up for sale in 2023.
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