Market Chatter: United States Steel, Nippon Steel Offer Increased Investment to White House to Close Proposed Merger

MT Newswires Live
03-28

United States Steel (X) and Nippon Steel are discussing with White House officials ways to preserve their proposed $14 billion merger and secure billions more in investments from the Japanese steelmaker into Rust Belt sites, Semafor reported Friday, citing unnamed sources familiar with the talks.

Nippon Steel has reportedly offered to increase the $2.7 billion it previously proposed to upgrade US Steel facilities, with some saying it could be upped to as much as $7 billion.

Under the new terms, Nippon would retain its offer to acquire the US steel manufacturer for $55 per share, the people told Semafor.

US Steel, Nippon, and the White House did not immediately respond to MT Newswires' requests for comment.

US Steel's stock rose 6.3% in recent Friday premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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