Trump Blesses Nippon-U.S. Steel Deal; X Flies As Other Steel Stocks Sink
In This Article:
President Donald Trump endorsed Nippon Steel's long-running effort to buy U.S. Steel, announcing on social media that the companies are partnering to "create at least 70,000 jobs and add $14 billion to the U.S. economy." Way back in December 2023, Nippon won a bidding war for U.S. Steel, offering $55 in cash per share of X stock, or $14.9 billion, including assumed debt. The Wall Street Journal reported earlier Friday that Nippon Steel had pledged to build a brand-new mill and double its spending plan to win Washington's support.
Terms and Privacy Policy