Name: Japan’s Nippon expected to close acquisition of U.S. Steel at $55 per share
Uploaded: 2025-05-28T18:05:33+00:00
Duration: 53 s
Description: Japan’s Nippon Steel is set to finalize its $55-per-share acquisition of U.S. Steel, after President Trump cleared the deal, calling it a “partnership.” Nippon plans to invest $14 billion over 14 mont

5 months ago

News

Japan’s Nippon Steel is set to finalize its $55-per-share acquisition of U.S. Steel, after President Trump cleared the deal, calling it a “partnership.”

Nippon plans to invest $14 billion over 14 months, with U.S. Steel’s headquarters staying in Pittsburgh.

The deal was initially blocked by President Biden over national security concerns, but Trump ordered a new review.

U.S. Steel’s board will have a U.S. majority, and a “golden share” will give the U.S. government oversight.

The deal aims to save 10,000 jobs in Pennsylvania and create 10,000 more, CNBC has reported.

Trump will hold a rally at U.S. Steel on May 30.

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