Market Updates
U.S. Steel Accepts $14.9 Billion Deal from Nippon Steel
Scott Peters
18 Dec, 2023
New York City
U.S. Steel Corporation surged 28.2% to $50.33 after the steelmaker accepted the $55 per share offer from Japan-based Nippon Steel in cash.
The offer values the steel company at $14.9 billion in enterprise value, and the deal is expected to close in the second or third quarter of 2024.
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