Core Viewpoint - Nippon Steel Corporation has successfully acquired U.S. Steel, making it a wholly-owned subsidiary, which is expected to provide critical investment to the struggling U.S. Steel and allow Nippon Steel to participate in various infrastructure projects in the U.S. [1][2] Group 1: Acquisition Details - The acquisition cost Nippon Steel approximately $14.1 billion and all necessary procedures for the acquisition have been completed [2] - The acquisition is expected to inject vital investment into U.S. Steel, which has faced net losses for two consecutive quarters as of Q1 2025 [2] - Nippon Steel has committed to invest around $11 billion in U.S. Steel by 2028 as part of a national security agreement with the U.S. government [2] Group 2: Market Context - U.S. Steel, despite its long history, has been experiencing poor performance, leading to its acquisition by Nippon Steel [2] - The acquisition allows Nippon Steel to avoid a $565 million breakup fee that would have been incurred if the deal failed [2] - Foreign competitors of Nippon Steel are facing steel tariffs as high as 50%, which adds strategic importance to this acquisition [2] Group 3: Legal and Regulatory Aspects - The acquisition faced initial resistance from the U.S. government, with President Biden signing an executive order to block it on January 3 [3] - Following legal actions by both companies, former President Trump signed an executive order conditionally allowing the acquisition to proceed [3]
日本制铁完成对美国钢铁公司收购