Nippon Steel's $14.9 billion acquisition of U.S. Steel receives shareholder approval.

Nippon Steel’s $14.9 billion acquisition of US Steel receives shareholder approval.

US Steel shareholders voted in favor of Japan’s Nippon Steel’s proposed $14.9 billion acquisition, a move anticipated to bring the merger closer to fruition despite growing political pushback. Over 98% of shareholders supported the deal, where Nippon will pay $55 per share, signifying a substantial premium from the initial announcement in December. However, the acquisition…

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