Nippon Steel Corporation (NISTF)
| Previous Close | 22.90 |
| Open | 22.90 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's Range | 22.90 - 22.90 |
| 52 Week Range | 19.51 - 25.22 |
| Volume | |
| Avg. Volume | 241 |
| Market Cap | 21.087B |
| Beta (5Y Monthly) | 1.28 |
| PE Ratio (TTM) | 5.96 |
| EPS (TTM) | 3.84 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.07 (4.68%) |
| Ex-Dividend Date | Mar 28, 2024 |
| 1y Target Est | N/A |
ReutersU.S. Steel shareholders approve $14.9 billion buyout by Nippon Steel
(Reuters) -U.S. Steel shareholders on Friday approved its proposed $14.9 billion acquisition by Japan's Nippon Steel, as expected, taking the merger one step closer to completion even as political opposition to the deal mounts. U.S. Steel said that over 98% of the votes were in favor of the deal under which Nippon will pay $55 per share, an amount that represented a hefty premium when the takeover was announced in December. President Joe Biden has said U.S. Steel must remain a domestically owned American firm.
ReutersEU to decide on Nippon Steel's US Steel bid by May 17, approval a formality
Nippon Steel's $14.9 billion acquisition of U.S. Steel Corp will be decided by European Union antitrust regulators by May 17, with their approval a formality, a European Commission filing showed. Nippon Steel, which clinched a deal to buy the 122-year-old American steelmaker for a hefty premium in December, however, faces headwinds with U.S. antitrust regulators. Nippon Steel has manufacturing bases in Sweden, Finland and Britain and an office in Germany while U.S. Steel has a Slovakian subsidiary.
- Yahoo Finance Video
Biden voices support for workers who are against US Steel sale
At a press conference with Japanese Prime Minister Kishida Fumio, US President Joe Biden was asked about his opposition to the sale of US Steel (X) to Nippon Steel (NPSCY, 5401.T). Biden responded by saying, "I stand by my commitment to American workers. I'm a man of my word. I'm going to keep it. And, with regard to that, I stand by our commitment to our alliance." Biden had previously released a statement voicing opposition to the deal. He joins the US Steelworkers union, which is also against it. Yahoo Finance's Julie Hyman and Josh Lipton discuss the president's comments. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
