URGENT: Nippon Steel to buy U.S. Steel for $14. bil. in all-cash deal

Economy

Nippon Steel Corp. will buy United States Steel Corp. for about $14.1 billion in an all-cash transaction, the two companies said Monday.

Nippon Steel will make the major U.S. steelmaker a wholly-owned subsidiary once the deal is closed in the second or third quarter of 2024, subject to approval by the U.S. firm’s shareholders and U.S. regulators, they said.

Kyodo News

Kyodo News