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Nippon Steel Closes $14.9 Billion Acquisition of US Steel
Business Standard
|June 19, 2025
Nippon Steel's $14.9 billion acquisition of US Steel closed on Wednesday, the companies said, confirming an unusual degree of power for the Trump administration 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 $55 per share, as it first laid out in its December 2023 offer for the well-known and struggling steelmaker.
The filing also discloses details of a national security agreement inked with the Trump administration, which gives President Donald Trump the authority to name a board member as well as a non-economic golden share.
This story is from the June 19, 2025 edition of Business Standard.
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