Streetbeat News

NPSCY

Nippon Steel Corporation

https://www.nipponsteel.com/

Industry

Iron and Steel Mills and Ferroalloy Manufacturing

Open

7.84

Mkt cap

25B

Volume

2.5K

High

7.90

P/E Ratio

7.78

52-wk high

8.53

Low

7.80

Div yield

0.05

52-wk low

6.11

U.S. Steel and Nippon Steel have filed a lawsuit against the Biden administration for blocking Nippon's $15 billion acquisition of U.S. Steel. The companies claim the decision was politically motivated and lacked legal basis.

Portfolio Pulse from

January 07, 2025 | 1:00 pm

Nippon Steel and U.S. Steel have filed lawsuits to address alleged illegal interference with Nippon Steel's acquisition of U.S. Steel.

Portfolio Pulse from

January 06, 2025 | 12:45 pm

President Joe Biden has blocked the $14.9 billion acquisition of United States Steel Corp. by Japan's Nippon Steel Corp, citing national security concerns. This decision has led to a plunge in US Steel's shares.

Portfolio Pulse from

January 03, 2025 | 3:30 pm

President Joe Biden has reportedly blocked Nippon Steel's proposed $15 billion acquisition of US Steel, as per the Washington Post. This decision could impact US Steel's stock and its future strategic options.

Portfolio Pulse from

January 03, 2025 | 5:30 am

Nippon Steel is increasing its lobbying efforts in Washington, spending $1.3 million to secure its $15 billion acquisition of United States Steel Corporation (NYSE:X). The acquisition faces opposition from U.S. lawmakers, including President Biden, Kamala Harris, and Donald Trump, due to concerns over national security and job losses.

Portfolio Pulse from Benzinga Neuro

October 22, 2024 | 8:55 am

Nippon Steel is selling its stake in the Calvert joint venture to ArcelorMittal for $1, as part of its strategy to acquire US Steel. The transaction is contingent on the completion of Nippon Steel's acquisition of US Steel, which is subject to regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 7:14 am

Nippon Steel Corp has won an arbitration ruling in its $14.9 billion acquisition of United States Steel Corporation, despite opposition from political figures and the United Steelworkers union. The deal is pending regulatory approval and faces national security scrutiny.

Portfolio Pulse from Benzinga Neuro

September 26, 2024 | 2:18 am

The U.S. national security panel has delayed its decision on Nippon Steel's $14 billion bid for U.S. Steel until after the presidential election, due to national security concerns. The Committee on Foreign Investment in the United States (CFIUS) will allow the companies to refile their application, initiating a new 90-day review period. The deal faces opposition from political figures and the United Steelworkers union.

Portfolio Pulse from Benzinga Neuro

September 18, 2024 | 2:40 am

Nippon Steel's $14.1 billion acquisition of U.S. Steel faces opposition from United Steelworkers and U.S. political figures, including Vice President Kamala Harris. The union deems the deal 'doomed' and is prepared to fight against foreign ownership. The Committee on Foreign Investment has not yet made a recommendation.

Portfolio Pulse from Kaustubh Bagalkote

September 13, 2024 | 3:46 am

Nippon Steel is in talks with the United Steelworkers union regarding its proposed acquisition of U.S. Steel. The union has opposed the deal, and political figures like Kamala Harris and Donald Trump have expressed concerns. President Biden may block the $14.1 billion takeover.

Portfolio Pulse from Benzinga Neuro

September 12, 2024 | 1:05 pm

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