Nippon Steel to Acquire U.S. Steel for $14.1 Billion

Deal ends monthslong sales process for 122-year-old company created by J.P. Morgan and Andrew Carnegie


https://www.wsj.com/business/deals/...-s-steel-for-55-shr-854c6f73?mod=hp_lead_pos3

 

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Good cycle+ they out bid CLF for X
Carl Ichan was investing in it\ 1990s+.

 

Jesus, that's it? That's all the company was worth? Good grief.

 

well. They don’t make smart phones. And they don’t put stuff on a virtual cloud.

 

What happens to your open options positions when this happens?

 

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MAY get blocked on that merger??To many union contracts to be worth a whole lot LOL

 

Not so fast... Steel is a strategic industry for defense and other purposes in the U.S. The opposition in Washington to this sale is quickly growing.

Fetterman says he’ll work to block ‘absolutely outrageous’ US Steel sale
https://thehill.com/homenews/senate...to-block-absolutely-outrageous-us-steel-sale/

 

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MR Fetterman has been wrong for so long\hard to hit 100% every day of his life LOL. Its named US Steel, sale may get blocked........................................................................ \
X going down again

 

I can't imagine how this wasn't thought of, unless its a gamble that Trump will win the Whitehouse.

 

I'm guessing it goes to CFIUS first.

https://www.reuters.com/markets/dea...steel-deal-over-national-security-2023-12-19/