Nippon Steel Corporation (5401.T)
| Previous Close | 3,463.00 |
| Open | 3,475.00 |
| Bid | 3,448.00 x 0 |
| Ask | 3,449.00 x 0 |
| Day's Range | 3,427.00 - 3,475.00 |
| 52 Week Range | 2,931.50 - 3,847.00 |
| Volume | |
| Avg. Volume | 4,536,032 |
| Market Cap | 3.255T |
| Beta (5Y Monthly) | 1.28 |
| PE Ratio (TTM) | 6.52 |
| EPS (TTM) | 528.11 |
| Earnings Date | Aug 01, 2024 |
| Forward Dividend & Yield | 160.00 (4.62%) |
| Ex-Dividend Date | Sept 27, 2024 |
| 1y Target Est | 4,063.60 |
ReutersNippon Steel's Mori to visit US again next week for talks on US Steel takeover
Nippon Steel's vice chairman plans to return to the United States next week again to discuss its proposed acquisition of U.S. Steel, a company spokesperson said on Wednesday. The planned visit by Takahiro Mori, the Japanese firm's key negotiator for the deal, follows trips to the U.S. in May and June, highlighting the importance of the $15 billion takeover offer to the world's No. 4 steelmaker. U.S. Steel's management has backed the bid but the deal faces resistance from the White House and the powerful United Steelworkers (USW) union.
ReutersNippon Steel's Mori returns to US this week for talks on US Steel takeover
Nippon Steel's vice chairman plans to return to the United States this week for more talks over the proposed acquisition of U.S. Steel and would study selling some assets if necessary for the deal to go through. Vice Chairman Takahiro Mori's visit so soon after a May 20-26 trip highlights the efforts Nippon Steel is taking to close the purchase amid growing regulatory scrutiny and political opposition. The deal would give Nippon Steel greater access to the profitable U.S. market and further its long-term financial goals.
ReutersUS Steel, Nippon Steel receive all non-US approvals for merger
Nippon had clinched the deal to buy U.S. Steel last December, after edging out rivals including Cleveland-Cliffs, ArcelorMittal and Nucor. The steelmakers now need to secure an approval in the U.S., where the deal is facing regulatory scrutiny and increasing political opposition including from President Joe Biden, who wants U.S. Steel to remain domestically owned. The proposed transaction is also facing opposition from the powerful United Steelworkers union over fears of job losses, and is being scrutinized by the U.S. Department of Justice.
