Trump clears U.S. Steel sale to Nippon Steel
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The Japanese company secured its much-wanted prize late last week when President Trump approved the $14.1 billion purchase of US Steel
The first concern will be financing, necessary to fund both the all-cash acquisition and the promised investments, which range from upgrades to existing plants to a new steel mill
The partnership between US Steel Corp and Nippon Steel Corp has reached a new phase, with an agreement on US national security guarantees, in addition to the so-called “golden share” advantage obtained by US President Donald Trump’s administration.
The companies said they had entered into an agreement with the U.S. government to alleviate any national security concerns.
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US Steel CEO says company likely to close steel mills if proposed $14B sale to Nippon Steel falls throughU.S. Steel shareholders voted to approve the $14.9 billion deal with ... company likely to close steel mills if proposed $14B sale to Nippon Steel falls through
President Joe Biden blocked the purchase of U.S. Steel by Japan’s Nippon ... shareholders approved the deal in April, has warned that it will be forced to downsize and cut jobs if the sale ...
A shareholder vote by U.S. Steel shareholders in April, by contrast, approved the Nippon Steel deal by 98 percent as a promising business move, beneficial to both commercial and national interests.