US Steel rises after Trump approves $14.9 billion Nippon Steel bid
ReutersJun 16, 2025 8:21 AM
Shares of United States Steel X.N up 5% at $54.83 premarket
U.S. President Donald Trump approves Nippon Steel's 5401.T $14.9 billion bid for U.S. Steel
On Friday, Trump signed an executive order allowing the tie-up to proceed, contingent on an agreement with the Treasury Department addressing national security concerns. The companies then announced they had signed the agreement, effectively clearing the deal.
Shares of Nippon Steel gained ~3% to 2,915 yen, outperforming Tokyo's benchmark Nikkei 225 index .N225, which was up ~1%
Up to Friday's close, United States Steel had risen ~54% YTD
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