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Mestios/ business / US Steel acquisition...
business
speculative

US Steel acquisition by Nippon Steel delayed due to US DOJ request

2024-05-03 18:56
dam in Dallas County, Alabama, United States of America
US steel-producing company
  • Nippon Steel postponed the $14.1 billion takeover of U.S. Steel by three months.
  • The US DOJ requested more documentation related to the deal.
  • Despite fears of layoffs, Japan's largest steelmaker has pledged no job cuts as a result of the merger.

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