US Steel hits 52-week high
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Associated Press News |
Shares of U.S. Steel are rising ahead of the bell after President Donald Trump ordered a new national security review of Nippon Steel’s proposed bid to buy U.S. Steel for nearly $15 billion.
Business Insider |
Shares in U.S. Steel (X) were stronger today after activist investor Ancora Holdings said it had changed its mind and now backed the planned $14.9 billion merger with Japan’s Nippon Steel.
The Gazette |
Shares of U.S. Steel fell 13% after the comment in trading after the market closed.
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The comment appeared to contradict recent actions by the Trump administration. On Monday, Trump directed a national security panel to take a fresh look at Nippon Steel’s $14 billion bid.
Ancora Holdings Group unveiled a turnaround plan for United States Steel Corp. it estimates would deliver more than $75 per-share in value to shareholders if a takeover by Nippon Steel Corp. falls through.
U.S. Steel shares are jumping in premarket trading Friday on a report that Nippon Steel is offering to spend as much as $7 billion to upgrade the American company’s aging Rust Belt facilities in a bid to obtain the Trump administration's approval of their $14 billion merger.
President Donald Trump’s White House ordered a new review of the acquisition of U.S. Steel by Japan’s Nippon Steel after the deal was blocked by former President Joe Biden. Trump directed the Committee on Foreign Investment in the United States to review the acquisition to assist “in determining whether further action in this matter may
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