“Japan’s Nippon expected to close acquisition of U.S. Steel at $55 per share, sources say”

“Japan’s Nippon Steel is expected to close its acquisition of U.S. Steel for $55 per share, sources familiar with the matter told CNBC’s David Faber.

President Donald Trump cleared Nippon’s bid for U.S. Steel on Friday, referring to the deal as a “partnership.” Trump said Nippon will invest $14 billion over the next 14 months. U.S. Steel’s headquarters will remain in Pittsburgh, the president said.

U.S. Steel gained about 2% on Tuesday to close at $53.04 per share. The stock rose more than 20% Friday on the back of Trump’s announcement. The $55 per share bid for U.S. Steel is the offer that Nippon originally made for the company before the deal was blocked in January…”

https://www.cnbc.com/2025/05/27/japans-nippon-expected-to-close-acquisition-of-us-steel-at-55-per-share-sources-say.html