Nippon Steel to acquire U.S. Steel for $14.9bn in landmark deal

Nippon Steel to acquire U.S. Steel for $14.9bn in landmark deal

Nippon Steel Corporation (NSC), Japan’s leading steelmaker and a global industry giant, has announced a definitive agreement to acquire United States Steel Corporation (NYSE: X) in an all-cash transaction valued at approximately $14.9 billion, including debt assumption. The deal sets the purchase price at $55.00 per share, a 40% premium over U.S. Steel’s closing stock […]