19/06/2025 Nippon Steel's purchase of U.S. Steel closes, with big role for Trump
Business Nippon Steel's (5401.T) $14.9-billion acquisition of U.S. Steel (X.N) closed on Wednesday, the companies said, confirming an unusual degree of power for President Donald Trump after the Japanese company's 18-month struggle to close the purchase.
Under the deal terms, Nippon bought 100% of U.S. Steel shares at $55 per share, as it first laid out in its December 2023 offer for the well-known but struggling steelmaker.
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