Nippon Steel To Acquire U. S. Steel For $55.00 Per Share In An All-cash Transaction

Name: Nippon Steel To Acquire U. S. Steel For $55.00 Per Share In An All-cash Transaction
Uploaded: 2023-12-18T15:02:31+00:00
Duration: 6 min 53 s
Channel: Benzinga
Description: United States Steel Corp (NYSE: X) shares are soaring higher by around 28% following the news of its acquisition by Nippon Steel Corp (OTC:NISTF) for $14.1 billion-plus debt, with a total enterprise value of $14.9 billion.<br /><br />The acquisition price of $55.00 per share represents a 40% premium to X's closing stock price on December 15, 2023.

Benzinga

United States Steel Corp (NYSE: X) shares are soaring higher by around 28% following the news of its acquisition by Nippon Steel Corp (OTC:NISTF) for $14.1 billion-plus debt, with a total enterprise value of $14.9 billion.  The acquisition price of $55.00 per share represents a 40% premium to X's closing stock price on December 15, 2023.

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