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WASHINGTON, Dec 23, 2023 (AFP) – A proposed deal that would see US Steel Corp bought by Japan’s Nippon Steel should be closely investigated by American authorities, the White House said Thursday, warning it could have national security implications. Unveiling the planned transaction this week, the two companies depicted the deal as a marriage of the holders of top technologies that would boost steel output and accelerate efforts toward decarbonization. But US Steel’s possible sale […]
TOKYO, Dec 18, 2023 (AFP) – Japan’s Nippon Steel has agreed to buy US Steel Corp for $14.1 billion, the companies announced on Monday, months after the steelmaker rejected an offer from its main US rival. The leading Japanese steelmaker will acquire US Steel in an all-cash deal 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 […]
SEOUL, South Korea (AFP) — South Korea’s top court on Tuesday ordered a Japanese steel giant to pay compensation over forced wartime labour, triggering a new row between the two US allies and a denunciation by Prime Minister Shinzo Abe. South Korea and Japan are both democracies faced with an increasingly assertive neighbour China and the long-running threat of nuclear-armed Pyongyang. But their own relationship is soured by bitter disputes over history and territory […]
