Previous Close | 7.06 |
Open | 7.00 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 7.00 - 7.00 |
52 Week Range | 6.45 - 8.79 |
Volume | |
Avg. Volume | 43,011 |
Market Cap | 19.342B |
Beta (5Y Monthly) | 1.28 |
PE Ratio (TTM) | 6.14 |
EPS (TTM) | 1.14 |
Earnings Date | Aug 02, 2024 - Aug 06, 2024 |
Forward Dividend & Yield | 0.38 (5.34%) |
Ex-Dividend Date | Sept 28, 2023 |
1y Target Est | N/A |
, TOKYO (Reuters) -Japan's Nippon Steel said on Saturday its vice chairman, Takahiro Mori, a key negotiator for its planned purchase of U.S. Steel, will travel to the United States next week to meet stakeholders as part of continued efforts to complete the deal. A spokesperson for Nippon Steel in Tokyo said Mori will visit the United States to continue dialogues with various stakeholders of the deal to gain a better understanding. U.S. Steel deferred to the Japanese counterpart for comment.
(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.
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.