US Steel hits 52-week high
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The Associated Press |
Shares of U.S. Steel are hitting a 52-week high after President Donald Trump ordered a new national security review of Nippon Steel's proposed bid to buy U.S. Steel for nearly $15 billion.
UPI |
President Donald Trump on Monday ordered a review of a proposed purchase of U.S. Steel by Nippon Steel.
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🏗️ President Trump yesterday ordered a new review of Nippon Steel's proposed $14.9 billion purchase of U.S. Steel, which could resurrect the deal that was blocked by President Biden following a committee review under his administration. ( Pittsburgh Business Times 🔐)
U.S. Steel has an iconic name and holds a venerated place in the history of the steel industry. But that's all because of what has happened in the past. Today, U.S. Steel is little more than a shell of what it once was. That's a key reason why it has found itself in the headlines as Japanese steel giant Nippon Steel looks to buy U.S. Steel.
Newsmax lost $55 million in the first half of last year. But its stock surged this week as shares in the company traded on the public market for the first time.
Steel executives lobbied for tariffs to keep low-priced imports from infiltrating the U.S. market. President Trump’s duties on a wide assortment of imports could cool steel demand. Despite imported st
Activist investor Ancora Holdings on Monday called on U.S. Steel's board to delay its annual stockholders meeting until a Committee on Foreign Investment (CFIUS) review is complete.
U.S. Steel shares are surging as the $55-per-share acquisition offer from Nippon Steel is back in play. President Trump had softened his opposition to the deal after meeting with the Japanese Prime Minister.