Steelworkers lose battle to stop U.S. Steel’s $14.1bn foreign takeover

Pallavi Madhiraju- September 25, 2024 0

United States Steel Corporation has secured a decisive victory over a challenge brought by the United Steelworkers union regarding its planned $14.1 billion acquisition by ... Read More

Nippon Steel offloads $211m in assets as U.S. Steel takeover hits political storm!

Pallavi Madhiraju- September 23, 2024 0

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 ... Read More

U.S. Steel’s stock climbs after bullish guidance, Nippon Steel acquisition optimisms

Pallavi Madhiraju- September 19, 2024 0

U.S. Steel Corporation’s stock surged 2% after the company updated its third-quarter financial outlook and reaffirmed its confidence in closing its acquisition by Nippon Steel ... Read More

Kamala Harris steps in to block foreign takeover of U.S. Steel! Is America’s industry at risk?

Pallavi Madhiraju- September 2, 2024 0

American Vice President Kamala Harris is expected to oppose the proposed takeover of United States Steel Corporation by Nippon Steel Corporation, Japan’s largest steelmaker, during ... Read More

Massive $1.3bn investment by Nippon Steel propels U.S. Steel stock – What’s next?

Pallavi Madhiraju- September 1, 2024 0

United States Steel Corporation's stock experienced a notable surge as Nippon Steel Corporation announced a commitment of $1.3 billion for upgrading U.S. Steel plants in ... Read More

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

Pallavi Madhiraju- December 18, 2023 0

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) ... Read More