U.S. Steel shares rise
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President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of the investment being made by Nippon Steel.
Even before the political complications that have hampered Nippon Steel’s U.S. gambit, the offer price looked steep. At $55 a share, Nippon Steel will pay a 142% premium to the level U.S. Steel was trading at before it effectively put itself up for sale in 2023.
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The Manila Times on MSNTrump to influence US Steel operationsPresident Donald Trump would have unique influence over the operations of US Steel under the terms of the investment being made by Nippon Steel.
The companies said they had entered into an agreement with the U.S. government to alleviate any national security concerns.
The Trump administration will soon ensure that its 50% steel tariffs, which have threatened to make everything containing steel more expensive, will apply to your next fridge or dishwasher.
President Donald Trump has paved the way for Japan-based Nippon Steel to invest in U.S. steel, reversing his own opposition to the deal over national security concerns.
We recently published a list of Jim Cramer Finds Elon Musk’s Grok AI Creepy & Discusses These 12 Stocks. In this article, we are going to take a look at where United States Steel Corporation (NYSE:X) stands against other stocks that Jim Cramer discussed.
The structure of a newly proposed United States Steel and Nippon Steel partnership has yet to be unveiled by either company.