The leading Japanese steelmaker will acquire US Steel in an all-cash transaction at $55 per share
PHOTO
Japan's Nippon Steel has agreed to buy US Steel Corp for $14.1 billion, the companies announced on Monday.
The leading Japanese steelmaker will acquire US Steel in an all-cash transaction at $55 per share, a 40 percent premium above its closing price on December 15, representing an equity value of about $14.1 billion, the companies said in a statement. Nippon will also assume the US firm's debt, taking the total deal to $14.9 billion.
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
© ZAWYA 2024
