President Donald Trump announced on Friday that U.S. Steel will maintain its headquarters in Pittsburgh as part of a "planned partnership." This statement indicates a potential approval of a significant investment bid by Japan-based Nippon Steel in the American steelmaker, while the exact nature of the partnership remains uncertain. Nippon Steel previously attempted a nearly … [Read more...] about Trump: US Steel Staying in America With Major Nippon Deal
Nippon Steel
US Steel: Activist Investor Flips to Support Nippon Deal
U.S. Steel announced on Tuesday that activist Ancora Holdings has "flip-flopped" from its previous opposition to the proposed merger between Japan's Nippon Steel and U.S. Steel. Ancora recently announced a plan in connection with the proposed transaction that could result in a cash offer at $75 per share. The investor, who owns less than one percent of the company, has said … [Read more...] about US Steel: Activist Investor Flips to Support Nippon Deal