US Steel CEO Confident Nippon Deal Will Succeed Despite Biden Opposition: 'We Live By A Code'
US Steel CEO confident in potential merger with Japan's Nippon Steel, despite Biden administration's opposition. Deal could close at $55/share.
U.S. Steel CEO discusses Nippon merger in Detroit. Here's what he said
Automakers support the deal because in their eyes it will increase supply and offer price competition for the steel they use to manufacture vehicles.
U.S. Steel CEO ‘extraordinarily confident' Nippon deal will close despite political scrutiny
U.S. Steel CEO David Burritt expressed confidence the proposed acquisition of the storied U.S. company by Japanese steelmaker Nippon Steel will go through despite political opposition.
US Steel CEO says he can't imagine Nippon Steel deal not going through
CEO David Burritt said he's adamant that the company's $14 billion sale to Nippon Steel (OTCPK:NPSCY) will close. " I can't imagine it's not going to go through," Burritt said at an Economic Club event in Detroit on Tuesday.
US Steel CEO confident Nippon Steel deal will close 'on its merits'
DETROIT, Sept 17 (Reuters) - U.S. Steel (X.N), opens new tab CEO David Burritt said on Tuesday he was confident Nippon Steel's (5401.T), opens new tab $14.9 billion bid for his company would ...
U.S. Steel’s stock up 2% after offering strong guidance and confidence Nippon deal can close by year-end
United States Steel Corp.’s stock rose 2% early Thursday, after the company updated third-quarter guidance and said it’s still confident it can win the necessary approvals for its planned takeover of Nippon Steel and close the deal by year-end.
Union opposition to U.S. Steel sale reflects years of bad relations
U.S. Steel’s glory days, when its products shaped landmarks from the Chesapeake Bay Bridge to the New Orleans Superdome, lie in the past. The CEO says there is no money to modernize the outdated mills ...
The Business Journals2d
U.S. Steel CEO David Burritt optimistic deal will be struck with Nippon Steel
The companies want to close the transaction by the end of the year. It was announced in December 2023. United States Steel Corp. CEO David Burritt on Thursday voiced optimism that the $14.9 ...
Biden Administration Extends Review Period for Nippon Takeover of U.S. Steel
U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese ...
Some US Steel appeal would survive busted deal
Insufficient heat can interrupt the welding process, but U.S. Steel’s problem has been too much of it. Fiery nationalistic ...
MinnPost10d
Two Iron Range mines are thrown into a political and corporate fray
On reports President Biden was set to block the U.S. Steel sale its chief executive threatened to close plants and move its ...
Business Wire1d
United States Steel Corporation Provides Third Quarter 2024 Guidance
United States Steel Corporation (NYSE: X) today provided third quarter 2024 adjusted net earnings per diluted share guidance of $0.44 to $0.48. Third ...
Seeking Alpha3d
US Steel CEO says he can't imagine Nippon Steel deal not going through
US Steel (NYSE:X) CEO David Burritt said he's adamant that the company's $14 billion sale to Nippon Steel (OTCPK:NPSCY) will close. " I can't imagine it's not going to go through," Burritt said ...
Mining2d
White House says review of Nippon Steel’s proposed purchase of US Steel ongoing
A source told Reuters this week that the US national security panel reviewing Nippon Steel's $14.9 billion bid.