Nippon Steel - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org Let No Man Take Your Crown Tue, 19 Dec 2023 15:12:12 +0000 en-US hourly 1 https://www.garnertedarmstrong.org/wp-content/uploads/2024/05/cropped-Screen-Shot-2024-05-16-at-1.06.13-PM-32x32.png Nippon Steel - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org 32 32 US Steel, the 122-year old company that was once America’s biggest, is set to be sold to Nippon Steel https://www.garnertedarmstrong.org/us-steel-the-122-year-old-company-that-was-once-americas-biggest-is-set-to-be-sold-to-nippon-steel/?utm_source=rss&utm_medium=rss&utm_campaign=us-steel-the-122-year-old-company-that-was-once-americas-biggest-is-set-to-be-sold-to-nippon-steel Tue, 19 Dec 2023 15:12:12 +0000 https://www.garnertedarmstrong.org/?p=44987 The U.S. Steel Corporation, once America’s largest steelmaker and most valuable company, is set to be acquired by Japanese company Nippon Steel for $14.9 billion. Nippon Steel — the world’s fourth-largest steel producer — clinched the deal with an all-cash offer, … Read More

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]]> The U.S. Steel Corporation, once America’s largest steelmaker and most valuable company, is set to be acquired by Japanese company Nippon Steel for $14.9 billion.

Nippon Steel — the world’s fourth-largest steel producer — clinched the deal with an all-cash offer, outbidding American steelmakers Cleveland-Cliffs and Nucor, per the company’s announcement on Monday.

The offer marked a 40% premium over U.S. Steel’s closing stock price last Friday. The news triggered a more than 20% surge in U.S. Steel’s stock price on Monday.

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Source: https://www.businessinsider.com/us-steel-former-largest-steelmaker-sold-nippon-steel-japan-2023-12

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