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Nippon-US Steel Takeover Approved by President Trump
June 16, 2025
US Steel’s $14.9bn takeover of Nippon Steel was ratified by US President Donald Trump after facing opposition on multiple fronts that included national security concerns. Trump signed an executive order saying that the deal can go ahead if the companies sign an agreement with the US Treasury Department to resolve national security concerns. Nippon Steel will acquire a 100% stake in US Steel. Both companies announced that they had signed the agreement. The agreement includes $11bn in fresh investments by 2028 in addition to governance, production and trade commitments. Besides, Nippon Steel is also said to invest an additional $3bn for a new mill after 2028.
US Steel’s dollar bonds were trading marginally lower with its 6.875% 2029s down 0.5 points at 100.63, yielding 6.7%
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