- Bloomberg
US Steel CEO Is ‘Extremely Confident’ Nippon Deal Will Close in 2024
(Bloomberg) -- US Steel Corp. boss David Burritt is convinced Nippon Steel’s $14.1 billion takeover will proceed this year despite stiff opposition from union leaders and the Biden administration. Most Read from BloombergWhat to Know About the Deadly Flesh-Eating Bacteria Spreading in Japan‘I Live in Hell’: Anti-Growth Fervor Grips US South After Pandemic BoomNvidia’s 591,078% Rally to Most Valuable Stock Came in WavesNvidia Becomes World’s Most Valuable Company as AI Rally Steams AheadI Didn’t
- Zacks
U.S. Steel (X) Issues Q2 View, Progresses on Nippon Transaction
U.S. Steel (X) anticipates sequentially lower earnings for Q2 and projects EBITDA of $425 million. It continues to advance toward finalizing the Nippon Steel transaction.
- Reuters
Nippon Steel executive saw positive reaction from U.S. Steel workers and others
Nippon Steel Vice Chairman Takahiro Mori met with U.S. Steel's employees and community leaders this week to gain better understanding of its proposed acquisition of the U.S. company and saw positive reaction, a company spokesperson said. Mori, the key negotiator for the U.S. Steel deal, returned to the United States this week, soon after a May 20-26 trip, in an effort to close the deal amid growing regulatory scrutiny and political opposition as well as objections from the powerful United Steelworkers (USW) union over fears of job losses.
