Nippon Steel to Acquire U.S. Steel for $14.1 Billion

ajacobson · Dec 18, 2023

Deal ends monthslong sales process for 122-year-old company created by J.P. Morgan and Andrew Carnegie

https://www.wsj.com/business/deals/...-s-steel-for-55-shr-854c6f73?mod=hp_lead_pos3

murray t turtle · Dec 18, 2023

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Good cycle+ they out bid CLF for X :caution:

Carl Ichan was investing in it\ 1990s+.

Overnight · Dec 18, 2023

Jesus, that's it? That's all the company was worth? Good grief.

newwurldmn · Dec 18, 2023

Overnight said:
Jesus, that's it? That's all the company was worth? Good grief.

well. They don’t make smart phones. And they don’t put stuff on a virtual cloud.

Sergio123 · Dec 18, 2023

What happens to your open options positions when this happens?

murray t turtle · Dec 19, 2023

Overnight said:
Jesus, that's it? That's all the company was worth? Good grief.

%%
MAY get blocked on that merger??To many union contracts to be worth a whole lot LOL

gwb-trading · Dec 19, 2023

ajacobson said:
Deal ends monthslong sales process for 122-year-old company created by J.P. Morgan and Andrew Carnegie

https://www.wsj.com/business/deals/...-s-steel-for-55-shr-854c6f73?mod=hp_lead_pos3

Not so fast... Steel is a strategic industry for defense and other purposes in the U.S. The opposition in Washington to this sale is quickly growing.

Fetterman says he’ll work to block ‘absolutely outrageous’ US Steel sale
https://thehill.com/homenews/senate...to-block-absolutely-outrageous-us-steel-sale/

murray t turtle · Dec 19, 2023

gwb-trading said:
Not so fast... Steel is a strategic industry for defense and other purposes in the U.S. The opposition in Washington to this sale is quickly growing.

Fetterman says he’ll work to block ‘absolutely outrageous’ US Steel sale
https://thehill.com/homenews/senate...to-block-absolutely-outrageous-us-steel-sale/

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MR Fetterman has been wrong for so long\hard to hit 100% every day of his life LOL. Its named US Steel, sale may get blocked........................................................................ \
X going down again

newwurldmn · Dec 19, 2023

gwb-trading said:
Not so fast... Steel is a strategic industry for defense and other purposes in the U.S. The opposition in Washington to this sale is quickly growing.

Fetterman says he’ll work to block ‘absolutely outrageous’ US Steel sale
https://thehill.com/homenews/senate...to-block-absolutely-outrageous-us-steel-sale/

I can't imagine how this wasn't thought of, unless its a gamble that Trump will win the Whitehouse.

ajacobson · Dec 19, 2023

I'm guessing it goes to CFIUS first.

https://www.reuters.com/markets/dea...steel-deal-over-national-security-2023-12-19/