Nippon Steel Corporation, one of Japan’s largest steelmakers, is selling $211 million worth of assets in a strategic move to manage its ballooning debt, a consequence of its ambitious bid to acquire U.S. Steel Corporation for $14.9 billion. This disposal, which includes real estate and inventories, comes as Nippon Steel braces for significant financial challenges […]
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 […]
