Nippon Steel has acquired U.S. Steel for $14.1 billion, securing a major role in U.S. steelmaking. The deal awaits approvals and retains U.S. Steel's name. The acquisition has sparked various opinions, with some highlighting the potential economic benefits and others expressing concerns about national security and the decline of U.S. Steel's prominence in the market. The acquisition has also led to a surge in U.S. Steel stock and has drawn attention to the historical and managerial challenges faced by U.S. Steel. The deal has been defended by some, including former Trump cabinet members, as not posing a threat to America's economic or national security.
Even Wilbur Ross is saying the takeover of US Steel is no bad thing. Here's why it had to happen. https://t.co/vKzFHRRk8p
U.S. Steel is about as valuable as the Texas Roadhouse chain of steakhouse restaurants. If a Japanese-based restaurant conglomerate were offering to buy Texas Roadhouse, how many US senators would object to the deal? (H/t @_brianpotter for that stat) https://t.co/fjdTBRfjjn
Long ago, U.S. Steel decided that it didn't need to innovate to compete more successfully in a global marketplace if it could instead extract benefits from the political process. https://t.co/ecJR8ukNmV
The acquisition of U.S. Steel poses no threat to America’s economic or national security. https://t.co/39gagdwPUl
"Xenophobia Drives Foes of Nippon Steel's Deal: The acquisition of U.S. Steel poses no threat to America's economic or national security." Interesting from a Trump cabinet member. https://t.co/vPPcF6NHyG
U.S. Steel, an American company with serious national security ties, provides thousands of good-paying union jobs. I agree with @POTUS, this is concerning and worthy of serious scrutiny. https://t.co/IE7xwBGDVx https://t.co/CjxyMNO9Vb
"US Steel’s enormous size made it unwieldy & difficult to manage … information [had] to filter up through the many layers of management … fundamental conservative culture … lack of top management talent … caused US Steel to steadily lose market share" https://t.co/RerWvh9tbb
“No inventions; no innovations” A History of US Steel https://t.co/CoIcsISiOk
The Nippon Steel Deal Is Good for America by Matthew J. Slaughter https://t.co/sYLejOBUwA via @WSJopinion
When it was formed, US Steel was by far the largest company in the US, with a market capitalization equal to 6.7% of US GDP. Today, it's not even in the Fortune 500. This week on Construction Physics, I look at the long fall of US Steel. https://t.co/kcyyBO7Dfl
"United States Steel stock surged 26% on Dec. 18 when the company agreed to be acquired by Japan’s Nippon Steel. U.S. Steel President and CEO David B. Burritt sold a large block of shares of the steel maker on that day." https://t.co/3fCRcOSKHq
"Inward foreign direct investment by companies like Nippon Steel boosts America’s economic competitiveness." https://t.co/JeovFGnGZp https://t.co/m6XMgfHbTj
Why are Steel companies in the US a bid? You don't have the "privilege" in constructing new mills anymore. Environmental / regulatory alone kills any new mill ever being built. Hence you have few standouts -all will trade at premiums. US Steel was a NO brainer, for me anyways. https://t.co/nmGptrGDYp
🗞️ Nippon Steel acquires @U_S_Steel for $14.1 billion, securing a major role in U.S. steelmaking. The deal, ending a lengthy sales process, awaits approvals and retains U.S. Steel's name. https://t.co/mLZ4thQOnp https://t.co/EMDyVDwQW9
U.S. Steel Is No Longer a Force. The Nippon Steel Purchase Puts It Back in the Spotlight. https://t.co/mD9dMMR7b9