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U.S. Steel Merger with Nippon Blocked by Executive Order
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U.S. Steel Merger with Nippon Blocked by Executive Order

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The latest announcement is out from United States Steel ( (X) ).

United States Steel Corporation had previously entered into a merger agreement with Nippon Steel North America, which would result in U.S. Steel becoming a wholly owned subsidiary. However, the merger was prohibited by an executive order from the President of the United States, and a deadline was set for abandoning the merger, which has been extended to June 18, 2025.

More about United States Steel

United States Steel Corporation operates in the steel manufacturing industry and focuses on producing a wide range of steel products.

YTD Price Performance: 5.03%

Average Trading Volume: 6,069,184

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $7.71B

Find detailed analytics on X stock on TipRanks’ Stock Analysis page.

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