U.S. Steel, Trump and Golden Share
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President Donald Trump signed an agreement formally lowering some tariffs on imports from Britain as the countries continue working toward a formal trade deal.
United States Steel surges 40% but faces integration challenges post-approval of the Nippon Steel merger. Click here to read an analysis of X stock now.
President Donald Trump is a businessman who became a politician. Now he's both. Trump will have "unique influence" over the operations of U.S. Steel under a new arrangement to allow Nippon Steel to complete its multibillion-dollar takeover of the iconic American company, said ABC News.
Nippon Steel Corp. won conditional U.S. approval for its $14.1 billion purchase of United States Steel Corp., capping a lengthy saga in a tie-up that will create one of the world’s largest steel companies.
After a year and a half of government talks, countless regulatory hiccups and last-minute negotiations, Nippon Steel Corp. secured its much-wanted prize late last week when President Donald Trump approved the $14.
Even before the political complications that have hampered Nippon Steel’s U.S. gambit, the offer price looked steep. At $55 a share, Nippon Steel will pay a 142% premium to the level U.S. Steel was trading at before it effectively put itself up for sale in 2023.
US Steel and Japan's Nippon Steel have US presidential approval for their partnership, injecting billions into US steel industry and creating jobs.
We recently published a list of Jim Cramer Finds Elon Musk’s Grok AI Creepy & Discusses These 12 Stocks. In this article, we are going to take a look at where United States Steel Corporation (NYSE:X) stands against other stocks that Jim Cramer discussed.
The U.S. Steel and Nippon deal continues to be a point of contention between labor and the presidential administration.