United States Steel Corp

U.S. Steel CEO defends planned sale to Japan’s Nippon, believes deal will close on its merits

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U.S. Steel CEO defends planned sale to Japan’s Nippon, believes deal will close on its merits

U.S. Steel CEO David Burritt on Tuesday defended the company’s planned sale to Japan’s Nippon Steel, expressing confidence that the deal will be completed despite President Joe Biden’s vocal opposition. “We strongly believe the deal closes on its merits,” Burritt said in an interview on CNBC’s “Money Movers.” “It strengthens national security, it strengthens economic … Read more

U.S. Steel shares plunge as Biden prepares to block Nippon Steel takeover

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U.S. Steel shares plunge as Biden prepares to block Nippon Steel takeover

United States Steel Mon Valley Works Clairton Plant and Clairton Coke Works facility in Clairton Pennsylvania, Monday, September 11, 2023. Thomas O’Neil | Nurphoto | Getty Images U.S. Steel shares tumbled more than 17% on Wednesday as the White House is reportedly preparing to block the company’s planned sale to Japan’s Nippon Steel. People familiar … Read more