Nippon Steel Corporation, Japan's largest steelmaker and the world's fourth-largest, has agreed to acquire the 122-year-old iconic United States Steel Corporation in a deal valued at $14.9 billion, including debt. The all-cash transaction offers $55 per share, a premium of about 40% over U.S. Steel's closing price on the Friday before the announcement. This strategic move comes months after U.S. Steel put itself up for sale and will help Nippon Steel move towards a global crude steel capacity of 100 million tonnes while expanding its production in the U.S. Nippon Steel beat out rivals including Cleveland-Cliffs, ArcelorMittal, and Nucor in the acquisition. U.S. Steel shares soared over 26% to a 12-year high following the deal's announcement. However, the acquisition has raised national security and industry concerns among U.S. lawmakers. Senators JDVance1, @marcorubio, and @HawleyMO have expressed opposition and are urging Treasury Secretary Janet Yellen to block the sale, emphasizing the defense industrial base and the future of American industry and workers.
US Steel agreed to be bought by Japanese firm Nippon Steel in a $14.1 billion deal this week. It's not the only brand with a strong American legacy to get scooped up by an international company. ✍️ via @CNNBusiness: https://t.co/wSYAdPlYGZ https://t.co/ad88l4e1Qa
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The acquisition of US Steel by Nippon Steel presents serious risks for America, not only in terms of national security but also in how Washington manages its economic relations with key allies. My latest for @unherd https://t.co/JasVqo6x2o
The Nippon purchase cannot become an excuse to neglect the structural shortcomings of the American economy. @MiquelVilam warns about the dangers of a foreign company acquiring US Steel 👇 https://t.co/fLMh9yOlgg
'Why is it that US Steel is the one being bought by Nippon Steel and not the other way around?' | @MiquelVilam https://t.co/fLMh9yOlgg
Let them Merge: Foreign Acquisition of US Steel | @OfficialSeevers Nippon Steel's proposal to merge with US Steel is meeting opposition from the usual suspects in Washington, not to mention Tucker Carlson. Their hysteria is off the charts. https://t.co/Zcoz64lxxC
"If Nippon Steel’s deal is approved, it will draw a mid-ranked American company under the umbrella of one of the world’s top three steelmakers, none of which is American. Specifically, it will make that company more competitive with Chinese rivals (that are genuinely state-owned)…
Nippon Steel's shares fell on news it plans a $14.1 billion purchase of United States Steel, pointing to risks that Japan’s old economy companies face in trying to lift their market value https://t.co/uYm0y95NYO
The “#UltimateBetrayal Japan would never let a U.S. Steel Company buy #Nippon (#Japan ) Steel….NEVER!!! Economic reality collides with #industrialpolicy - POLITICO “#USSteel’s decision to sell itself to Japan’s #NipponSteel may make a lot of business sense. But to a Washington…
FT: Nippon Steel takeover of US Steel faces opposition in Washington “CFIUS can and should block the acquisition of US Steel by NSC, a company whose allegiances lie with a foreign state and whose record in the United States is deeply flawed.” - @JDVance1 https://t.co/BJL9lpsU0M
New: Dems @SenBobCasey, @SenFettermanPA & @ChrisForPA are urging @SecYellen & CFIUS to outright block a Japanese company's purchase of US Steel. Biden is under pressure to intervene. But CFIUS is typically for national security risks, so it's... murky. https://t.co/yq9hpy5QDB
Good stuff from @EricBoehm87 on the Nippon Steel-US Steel deal, and the very misguided nationalists who oppose it https://t.co/PQpysvWFKe via @reason
US Steel Turns Japanese in over $14 billion deal The once All-American company founded by titans of industry Carnegie and @jpmorgan, agreed to be bought by Japan’s Nippon Steel! Offer = twice the previous $7.3 bn offer from domestic rival, Cleveland-Cliffs 🔍 Thoughts? 🤔 https://t.co/onkTbbkuS0
🚨Reuters: Senators @JDVance1, @HawleyMO and @marcorubio oppose Nippon-U.S. Steel deal over national security The three U.S. Senators have urged Treasury Secretary Janet Yellen to block the $14.9 billion acquisition of U.S. Steel by Japan's Nippon Steel. https://t.co/AmbeqgPMd2
“This is a major blow to the American steel industry which has been instrumental in making us the superpower of the world and a direct threat to our national security,” @Sen_JoeManchin says of U.S. Steel sale to the Japan-based Nippon Steel. https://t.co/8ImrvXeDJ1
Unpopular Take: The sale of US Steel to Nippon Steel is good for America. First, shareholders are making a huge premium. Second, US Steel will remain a US company HQ’d in Pittsburg. Third, the company plans to keep its deal with the union and as part of the deal the workers will…
🚨Senator @JDVance1 opposes sale of US Steel to Nippon “U.S. Steel announced by celebrating the ‘immediate value’ to be delivered to shareholders...I will do everything in my power to protect the future of our nation’s security, industry, and workers.” https://t.co/5gwzuRY7Mv
Today @marcorubio @HawleyMO and I wrote to the Biden administration to encourage them to block the sale of US Steel to a Japanese conglomerate. The last 40 years should have taught a painful lesson: we need to make more of our own stuff. https://t.co/egwG1AokTB
Shares of U.S. Steel surged after Japan-based Nippon Steel announced plans to purchase the iconic American producer in a deal valued at $14.9 billion. https://t.co/BRPduqaEqr https://t.co/B5CEe76Hh5
NEW: Nippon Steel shares sink after $14.1 billion US Steel deal https://t.co/WG8OuFJXjd
WATCH: Japan's Nippon Steel beat out rivals including Cleveland-Cliffs and ArcelorMittal to secure a purchase of US Steel for $14.9 billion in cash https://t.co/wjb4W6r5PB https://t.co/60TFMFmpXX
Japan's Nippon Steel beat out rivals including Cleveland-Cliffs and ArcelorMittal to secure a purchase of US Steel for $14.9 billion in cash https://t.co/fBO0ae9yua https://t.co/iPMx3JoFAP
American steelmaking giant sold to foreign company US Steel agrees to $14.9 billion buyout by Japan’s Nippon Steel months after rejecting an offer from a domestic rival Details: https://t.co/GbQj2Bxb8U https://t.co/gPUXJrdT1f
WATCH: Nippon Steel secured a purchase of US Steel for $14.9 billion in cash after winning an auction for the renowned 122-year-old steel company, beating competitors like Cleveland-Cliffs and ArcelorMittal https://t.co/wjb4W6rDF9 https://t.co/d2Xbktet8U
Nippon Steel secured a purchase of US Steel for $14.9 billion in cash after winning an auction for the renowned 122-year-old steel company, beating competitors like Cleveland-Cliffs and ArcelorMittal https://t.co/fBO0aea6jI https://t.co/kXb8dq4AU8
Japanese company to buy US Steel, valuing the famed American manufacturing company at roughly $15B https://t.co/pdAYQw1yGD https://t.co/k7riBAriE2
Nippon Steel defended the whopping premium it’s paying to buy US Steel for $14 billion https://t.co/Czl9d7gooY
WATCH: Japan's Nippon Steel clinched a deal to buy US Steel for $14.9 billion in cash, prevailing in an auction for the 122-year-old iconic steelmaker over rivals including Cleveland-Cliffs, ArcelorMittal and Nucor https://t.co/wjb4W6rDF9 https://t.co/9wQ3l1TkOP
Japan's Nippon Steel clinched a deal to buy US Steel for $14.9 billion in cash, prevailing in an auction for the 122-year-old iconic steelmaker over rivals including Cleveland-Cliffs, ArcelorMittal and Nucor https://t.co/fBO0ae9yua https://t.co/rI1EzQcdXy
U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. https://t.co/vBPuibsV9o
Bidenomics: US Steel, a symbol of American industrialization and once the largest corporation on the planet, has agreed to a takeover by Japan’s Nippon Steel
Japanese company Nippon Steel will purchase U.S. Steel for $14.9 billion. The world’s first billion-dollar company and a pillar of American industry, U.S. Steel fielded multiple takeover offers in recent months. https://t.co/LScjzSX6h6
Japanese Firm to Acquire U.S. Steel for Almost $15 Billion — National Security and Labor Concerns Rise as Iconic American Company Changes Hands https://t.co/KwNCEMfHGc
WATCH: Japan's Nippon Steel clinched a deal to buy US Steel for $14.9 billion in cash, prevailing in an auction for the 122-year-old iconic steelmaker over rivals including Cleveland-Cliffs and ArcelorMittal https://t.co/wjb4W6r5PB https://t.co/RAim0Bu6Md
Japan's Nippon Steel clinched a deal to buy US Steel for $14.9 billion in cash, prevailing in an auction for the 122-year-old iconic steelmaker over rivals including Cleveland-Cliffs and ArcelorMittal https://t.co/fBO0ae9yua https://t.co/Rbt9Rc3iiL
🚨NEW: Senator @JDVance1 says he will oppose sale of U.S. Steel to Japanese firm “A critical piece of America’s defense industrial base was auctioned off to foreigners. Rest assured I will interrogate the long-term implications for the American people.” https://t.co/TqAYub2dAR
Japan’s largest steelmaker Nippon Steel won its bid to purchase US Steel, a deal valued at $14.1 billion that will put the legacy American company in the hands of a foreign firm. https://t.co/mN2OAS4YLi
*JAPAN'S NIPPON STEEL TO BUY US STEEL FOR $14 BILLION $X https://t.co/rM1S4U5iue
Japan's Nippon Steel, the world's third-largest steel producer by volume, is paying $55 a share in an all-cash deal, valuing U.S. Steel at about $15 billion. https://t.co/QtDeS3SSg5
Japanese steel company purchasing U.S. Steel in deal worth nearly $15 billion https://t.co/yErHdQwiLn
It seems that everyone is doing a bit of last second holiday shopping, billion-dollar companies included. US Steel was just acquired by Nippon Steel in a deal worth more than $14.1 billion. This comes just a couple of weeks after Occidental Petroleum bought CrownRock for more…
And there it is. Japan is home to more US military assets than most states. Framing the acquisition of US Steel by a Japanese company as a national security threat is laughable. Like shipbuilding, protectionism and regulation has failed domestic steel, not a lack of it. https://t.co/yWSifYuJwZ
U.S. Steel is now a Japanese company. No, I’m not joking. It was sold today for $14 Billion to the highest foreign bidder. The auctioning off of critical companies like this is a national security threat, a threat to US workers and a betrayal to our country. Absolutely shameful. https://t.co/p2ptheUlHp
Japan's Nippon Steel to acquire U.S. Steel, $X, for $14.9 billion
An American icon is being bought out Japanese steelmaker Nippon Steel is acquiring US Steel in a $14.1 billion deal The acquisition will make Nippon the world's second-largest steel producer https://t.co/kSi6siueK2
Road to Nippon's $14.9-billion acquisition of U.S. Steel https://t.co/CTOMdwyQaG https://t.co/xoFt5rD3pX
U.S. Steel, which was once the largest corporation in the world and one of the first major American conglomerates, has been bought by Japanese steel maker, Nippon Steel. https://t.co/exKOsI0JDu
🚨NEW: @JDVance1 on the foreign acquisition of US Steel "A critical piece of America’s defense industrial base was auctioned off to foreigners for cash. I warned of this outcome months ago..rest assured that I will interrogate the long-term implications for the American people." https://t.co/F9jbL1Lew7
#JUSTIN Storied US Steel to be acquired for more than $14 billion by Nippon Steel https://t.co/tKDenOUWEW
Nippon Steel acquiring U.S. Steel. Decades of misrule from America’s foolish and extractive ruling class represented in one transaction. Hope the cheap crap and private equity donations were worth it to the “conservatives” who brought us here. https://t.co/RieWLkRwos
Japan’s Nippon Steel to acquire U.S. Steel Corp. https://t.co/nf0oIxqpln
Japanese steelmaker Nippon Steel has agreed to acquire United States Steel in a deal worth $14.9 billion including debt https://t.co/VxCd7NC4Uq via @WSJ
Japan's Nippon Steel announced it will buy $X for $14.1 billion in an all-cash deal. @davidfaber, who's been following the sale of U.S. Steel, breaks down the details with @jimcramer. https://t.co/y1FD5ZbCEf
US Steel is now Japanese. https://t.co/1cG6bD4mPc
US Steel soars after $14.9B buyout deal with Nippon Steel $X +27.54% https://t.co/Pval78H1fW
US Steel to be bought by Japan's Nippon in $15bn deal https://t.co/Gp9gbuQrKq
Japan's Nippon Steel to buy U.S. Steel in $14.9 billion deal https://t.co/EAi17TgVMj
$X | United States Steel is being acquired by Nippon Steel $NISTF for $14.1 billion-plus debt. Total enterprise value of $14.9 billion. https://t.co/wrpk0BXqia
〽️ UNITED STATES STEEL SHARES HIT OVER 12-YR HIGH AFTER NIPPON STEEL TO BUY CO IN $14.9 BLN DEAL, LAST UP 26% Chart via @Barchart $X https://t.co/Ueymn3LGsX https://t.co/6c7s12BMyI
〽️ The deal will help Nippon, the world's fourth largest steel maker, move toward 100 million tonnes of global crude steel capacity, while significantly expanding its production in the United States, where steel prices are expected to rise as automakers ramp up production… https://t.co/6c7s12BMyI
Japan’s Nippon Steel announced that it will buy U.S. Steel, one of America’s most iconic companies, in a $14.9 billion deal. https://t.co/S6YLZuXDDU
Japan's Nippon Steel said it would buy US Steel in a deal valued at $14.9 billion including debt, months after the steelmaker put itself up for sale. The per-share offer of $55 represents a premium of about 40% to U.S. Steel's Friday's close https://t.co/tERFX6tRzJ
Japan's Nippon Steel To Buy US Steel For $14 Billion https://t.co/eog1mCOvb3
"The United States Steel Corporation is being purchased by the Nippon Steel Corporation, the largest steelmaker in Japan." https://t.co/gXo16tAuwj
Japan's Nippon Steel to buy U.S. Steel in $14.9 bln deal | Reuters https://t.co/kAC55fDyoz
US Steel soars on $15 billion accord to be bought by Japan's Nippon Steel https://t.co/XRQjxSCy4M
$X (+28.5% pre) Nippon Steel to acquire U. S. Steel for $55/share for total enterprise value of $14.9B - SA https://t.co/NIReYMp6M0
U.S. Steel agreed on Monday to sell itself to Nippon Steel for $14.1 billion, capping months of speculation about the fate of the American industrial heavyweight. https://t.co/41wA1h0gAh
Japan’s Nippon Steel makes $14.9B offer to buy US Steel https://t.co/8BeGwuYDbh https://t.co/SODnX70zjR
U.S. Steel agrees to be acquired by Japan's Nippon Steel for $15 billion https://t.co/XB2BH91UkI
X Gon' Give It To Ya *NIPPON STEEL TO BUY U. S. STEEL FOR $55/SHARE IN CASH *NIPPON STEEL, U.S. STEEL DEAL TOTAL ENTERPRISE VALUE OF $14.9B
Storied US Steel to be acquired for more than $14 billion by Nippon Steel https://t.co/IP37bMAC0m
Japanese steelmaker Nippon Steel has agreed to acquire United States Steel in a deal worth $14.9 billion including debt https://t.co/qx20zhveJI https://t.co/qx20zhveJI
BREAKING - Japan’s Nippon Steel to buy US Steel for $14.1 bn: firms https://t.co/NLDEDwFYyH
Nippon Steel agrees to buy US Steel for $14.9bn https://t.co/4GFsOppgGQ
Milestone of some sort? Japanese steelmaker Nippon Steel has agreed to acquire United States Steel in a deal worth $14.9 billion including debt https://t.co/mvXqayrL1X via @WSJ
U.S. Steel Stock Soars on $14.9 Billion Acquisition by Nippon Steel https://t.co/8YxHVYcAtm
⚠️ JAPAN'S NIPPON STEEL TO BUY U.S. STEEL IN $14.9 BILLION DEAL Japan's Nippon Steel said on Monday it would buy U.S. Steel in a deal worth $14.9 billion including debt, months after the steelmaker put itself up for sale. The per-share offer of $55 represents a premium of… https://t.co/H77ThJCQ9P
Breaking: Nippon Steel is offering $55/share for US Steel $X
$X 🔸 Nippon Steel to Acquire U. S. Steel for $55.00 Per Shr in an All-Cash Transaction
Nippon Steel will buy United States Steel, Nikkei reports https://t.co/wEcqz3oKLW
BREAKING: Japan's Nippon Steel is set to buy US Steel for over $7 billion
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What happens when American capitalism can no longer sell itself? @josiahgogarty: 👇 https://t.co/umRq4BtlSM