No more U.S. Steel

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According to the Washington Post, Japan’s largest steelmaker, Nippon Steel, will purchase U.S. Steel in a, a deal valued at $14.1 billion.

Questions:

  1. Which domestic U.S. competitors tried to buy the company?
  2. Who founded U.S. Steel?
  3. How will the deal be structured?
  4. What type of opposition has there been against the acquisition?

Source:

Tan, E. (2023). U.S. Steel will be acquired by Japan’s Nippon in a $14.1 billion deal. The Washington Post, December 18 (Retrievable online at https://www.washingtonpost.com/business/2023/12/18/us-steel-nippon-acquistion)