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NIPPON STEEL ( (JP:5401) ) just unveiled an update.
Nippon Steel Corporation and United States Steel Corporation have filed two lawsuits addressing illegal interference in Nippon Steel’s acquisition of U.S. Steel. These legal actions challenge the CFIUS review process and Presidential orders, while also targeting Cleveland-Cliffs and labor entities for their alleged obstructive efforts. The lawsuits aim to secure the transaction, which Nippon Steel asserts will enhance U.S. national security and bolster the American steel industry, with significant investments planned in key steelworks.
More about NIPPON STEEL
Nippon Steel Corporation is a leading steel manufacturing company listed on multiple Japanese stock exchanges, including Tokyo, Nagoya, Fukuoka, and Sapporo. The company focuses on providing steel products and its operations involve significant investments in the American market through its acquisition of United States Steel Corporation.
YTD Price Performance: 2.20%
Average Trading Volume: 1,751
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $21.1B
For detailed information about 5401 stock, go to TipRanks’ Stock Analysis page.
