U.S. Steel and Nippon Steel Deal Huge Developments Underway

on Sep 08, 2024 01:39:AM

U.S. Steel’s $14 billion acquisition by Japan’s Nippon Steel, approved by shareholders with a 98% vote, faces significant hurdles as it moves forward. Despite CEO David Burritt’s optimism about the merger’s benefits, opposition from the United Steelworkers union, politicians, and President Biden—who has expressed concerns about potential job losses and the impact on American steel—casts […]

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