US Steel Sale to Nippon Steel Poised to Close
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The companies said they had entered into an agreement with the U.S. government to alleviate any national security concerns.
The costs include the promise to invest US$14 billion over coming years and significant concessions to US government. Read more at straitstimes.com. Read more at straitstimes.com.
A shareholder vote by U.S. Steel shareholders in April, by contrast, approved the Nippon Steel deal by 98 percent as a promising business move, beneficial to both commercial and national interests.
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US Steel CEO says company likely to close steel mills if proposed $14B sale to Nippon Steel falls throughU.S. Steel shareholders voted to approve the $14.9 billion deal with ... company likely to close steel mills if proposed $14B sale to Nippon Steel falls through
The partnership between US Steel Corp and Nippon Steel Corp has reached a new phase, with an agreement on US national security guarantees, in addition to the so-called “golden share” advantage obtained by US President Donald Trump’s administration.
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