United States Steel stock has dropped almost 25% in the last one year, compared to the S&P500 index which has gained 24% during the same time..
The company’s renewed interest comes after the Biden administration blocked Nippon Steel from acquiring the onetime American powerhouse.
The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, even as the potential for a new bid for the storied Pittsburgh steelmaker began to emerge Monday
The hearing for a lawsuit that Nippon Steel and U.S. Steel brought against U.S. President Joe Biden's administration is scheduled for February and March, Kyodo news agency reported on Monday, without citing sources.
Another Joe from Delaware—the one finishing up his final days in the White House—apparently sees himself in the same light, having stepped in to nix a $15 billion deal between U.S. Steel and Japan’s Nippon Steel.
U.S. Steel (NYSE: X) has been in the news for months since Japan's Nippon Steel made a generous offer for the iconic American steelmaker. Nippon's $14.9 billion bid in late 2023 represented a nearly 40% premium to U.
Japan Prime Minister Shigeru Ishiba asked U.S. President Joe Biden to allay concerns in the Japanese and U.S. business communities over the status of Nippon Steel’s 5401.T planned acquisition of U.S.
The bid by Japan's Nippon Steel to buy U.S. Steel may have a new lease on life after the Biden administration extended a deadline for the Japanese steelmaker to abandon plans to acquire the storied Pittsburgh company after President Joe Biden blocked the deal.
Right now, the only hope for a cornerstone of American industry is that he once again makes an exception. Pittsburgh-based U.S. Steel stands on the precipice of disaster, potentially costing thousands of blue-collar union members their jobs in the ...
The companies, whose $55 a share cash deal to acquire U.S. Steel was first proposed Dec. 18, 2023, are working against a June 18 deadline for the merger.
(The Center Square) – A joint bid for U.S. Steel from two domestic rivals has the potential support of Gov. Josh Shapiro. In a statement to The Center Square on Monday, the governor’s office said Cleveland-Cliffs CEO Lourenco Goncalves has made ...
Japan's Nippon Steel agreed to acquire the struggling U.S. Steel in a win-win deal that would bring much needed capital investment to help restore the ailing steelmaker's competitiveness and preserve over 4,