Nippon Steel's purchase of US Steel closes, with big role for Trump
Cătălin Roșioru
Edition: Singapore Indonesia Asia US/UK Nippon Steel's US$14.9-billion acquisition of US Steel closed on Wednesday (Jun 19), the companies said, confirming an unusual degree of power for President Donald Trump after the Japanese company's 18-month struggle to close the purchase. Under the deal terms, Nippon bought 100 per cent of US Steel shares at US$55 per share, as it first laid out in its December 2023 offer for the well-known but struggling steelmaker. The companies also disclosed details
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