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Nippon Steel Justifies Huge Premium for US Steel in Global Push

(Bloomberg) -- Nippon Steel Corp. defended the whopping premium it’s paying for United States Steel Corp., as the Japanese company seeks to reinforce its position as a global titan amid a weak domestic outlook.Most Read from BloombergApple to Halt US Sales of Smartwatches After Patent LossApple Plans Rescue for $17 Billion Watch Business in Face of BanGulf Splits Hinder US Efforts to End Houthi Ship AttacksUS Frackers Return to Haunt OPEC’s Pricing StrategyUS Announces New Task For...
United States Bloomberg Businessweek Eiji Hashimoto Mark Chadwick Takahiro Mori United States Steel Corp
Source: yahoo.com

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Nippon Steel agrees to buy US Steel for $14.1 billion | Joe Deaux, Eddie Spence and Stephen Stapczynski

Nippon Steel Corp. will buy United States Steel Corp. for $14.1 billion to create the world’s second-largest steel company—and the biggest outside of China—with a key role in supplying American manufacturers and automakers. The deal ends months of uncertainty over the future of US Steel, an icon of American industry,…
United States New York Davidb Burritt David Mccall Takahiro Mori Lourenco Goncalves

Cleveland-Cliffs Pivots to Share Buybacks After Losing US Steel to Nippon

(Bloomberg) -- Cleveland-Cliffs Inc. announced an “aggressive” share-buyback program just months after making an ultimately unsuccessful takeover bid for rival United States Steel Corp. Cliffs shares jumped as much as 12%.Most Read from BloombergApple to Halt US Sales of Smartwatches After Patent LossApple Races to Tweak Software Ahead of Looming US Watch BanGulf Splits Hinder US Efforts to End Houthi Ship AttacksUS Frackers Return to Haunt OPEC’s Pricing StrategyUS Announce...
New York United States Bloomberg Businessweek Lourenco Goncalves Bloomberg Cleveland United States Steel Corp
Source: yahoo.com

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