Nippon Steel announced in December 2023 that it planned to buy the steel producer for $14.9 billion in cash and debt, and committed to keep the U.S. Steel name and Pittsburgh headquarters.

Nippon Steel's $14.9 billion acquisition of US Steel closed on Wednesday, the companies said, confirming an unusual degree of power for President Trump after the Japanese company's 18-month ...

Nippon Steel acquires U.S. Steel for $14.9 billion Trump administration gains unusual control via national security agreement Golden share may deter foreign investors, lawyers warn Under the deal ...

Nippon Steel and U.S. Steel have finalized their “historic partnership,” a deal that gives the U.S. government a say in some matters and comes a year-and-a-half after the Japanese company ...

Nippon has also committed to making $11 billion in new investments in U.S. Steel by 2028. Security experts have described the agreement as among the stronger pacts that U.S. companies usually ...

A deal between Nippon and U.S. Steel was first proposed in late 2023. Then-President Joe Biden rejected the deal on national security grounds near the end of his time in office, but President ...

TOKYO (Reuters) -Global rating agency S&P downgraded Nippon Steel to 'BBB' from 'BBB+' with a 'negative' outlook on Thursday, citing an increasing financial strain following the Japanese ...

Under the deal terms, Nippon bought 100% of U.S. Steel shares at $55 per share, as it first laid out in its December 2023 offer for the well-known but struggling steelmaker.