Anonymous
ID: VO7A6lKV
6/18/2025, 11:50:17 PM No.507907587
Why doesn't the US nationalize critical industries? Capitalism is a joke
>United States of America
Nippon completes acquisition of US Steel Nippon's takeover of US Steel includes an agreement that gives the US government veto power over corporate decisions, which could serve to protect US economic interests. The finalized deal ends 18 months of negotiations.
>The original buyout deal had been blocked by outgoing President Joe Biden in January 2025
>According to a joint press release, US Steel will retain its name and headquarters in Pittsburgh, Pennsylvania. The "partnership" will also include "massive investments in steelmaking" in several US states.
>Under the deal's terms, Nippon bought 100% of US Steel shares at $55 per share, the same offer that was made when Nippon first introduced its bid in 2023.
>"The companies have now completed the transaction as contemplated by their merger agreement," Nippon and US Steel said.
>The deal was held up for 18 months by opposition from US steel unions, and was formally blocked by outgoing President Joe Biden in January 2025, who cited national security concerns and risks to key supply chains.
>United States of America
Nippon completes acquisition of US Steel Nippon's takeover of US Steel includes an agreement that gives the US government veto power over corporate decisions, which could serve to protect US economic interests. The finalized deal ends 18 months of negotiations.
>The original buyout deal had been blocked by outgoing President Joe Biden in January 2025
>According to a joint press release, US Steel will retain its name and headquarters in Pittsburgh, Pennsylvania. The "partnership" will also include "massive investments in steelmaking" in several US states.
>Under the deal's terms, Nippon bought 100% of US Steel shares at $55 per share, the same offer that was made when Nippon first introduced its bid in 2023.
>"The companies have now completed the transaction as contemplated by their merger agreement," Nippon and US Steel said.
>The deal was held up for 18 months by opposition from US steel unions, and was formally blocked by outgoing President Joe Biden in January 2025, who cited national security concerns and risks to key supply chains.