US Steel CEO Confident Nippon Deal Will Succeed Despite Biden Opposition: 'We Live By A Code'
US Steel CEO confident in potential merger with Japan's Nippon Steel, despite Biden administration's opposition. Deal could close at $55/share.
U.S. Steel CEO discusses Nippon merger in Detroit. Here's what he said
Automakers support the deal because in their eyes it will increase supply and offer price competition for the steel they use to manufacture vehicles.
U.S. Steel CEO ‘extraordinarily confident' Nippon deal will close despite political scrutiny
U.S. Steel CEO David Burritt expressed confidence the proposed acquisition of the storied U.S. company by Japanese steelmaker Nippon Steel will go through despite political opposition.
US Steel CEO says he can't imagine Nippon Steel deal not going through
CEO David Burritt said he's adamant that the company's $14 billion sale to Nippon Steel (OTCPK:NPSCY) will close. " I can't imagine it's not going to go through," Burritt said at an Economic Club event in Detroit on Tuesday.
US Steel CEO confident Nippon Steel deal will close "on its merits"
U.S. Steel CEO David Burritt said on Tuesday he was confident Nippon Steel's $14.9 billion bid for his company would "close on its merits," despite political opposition and concerns raised in a national security review.
US Steel CEO Warns of Plant Closings, HQ Move if Nippon Steel Deal Fails
U.S. Steel's CEO warned the company would have to close plants and might move its headquarters out of Pittsburgh if the Nippon Steel acquisition falls through.
U.S. Steel’s stock up 2% after offering strong guidance and confidence Nippon deal can close by year-end
United States Steel Corp.’s stock rose 2% early Thursday, after the company updated third-quarter guidance and said it’s still confident it can win the necessary approvals for its planned takeover of Nippon Steel and close the deal by year-end.
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U.S. Steel CEO David Burritt optimistic deal will be struck with Nippon Steel
The companies want to close the transaction by the end of the year. It was announced in December 2023. United States Steel Corp. CEO David Burritt on Thursday voiced optimism that the $14.9 ...
Biden Administration Extends Review Period for Nippon Takeover of U.S. Steel
U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese ...
Some US Steel appeal would survive busted deal
Insufficient heat can interrupt the welding process, but U.S. Steel’s problem has been too much of it. Fiery nationalistic ...
U.S. Steel CEO warns Mon Valley Works, Pittsburgh HQ at risk if Nippon Steel deal falls through
United States Steel Corp.'s CEO warned that the future of the Mon Valley Works and its Pittsburgh headquarters were ...
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Two Iron Range mines are thrown into a political and corporate fray
On reports President Biden was set to block the U.S. Steel sale its chief executive threatened to close plants and move its ...
Nippon Steel, U.S. Steel Send Letter to Biden on Merger Plans
Nippon Steel Chief Executive Eiji Hashimoto and U.S. Steel CEO David Burritt write to the White House as the $15 billion deal ...