US Steel Agrees to Be Bought by Japan's Nippon Steel Corporation
One of America's oldest and most iconic companies, United States Steel Corporation, agreed Monday to be sold to Japan's largest steel company, Nippon Steel Corporation, or NSC.
U.S. Steel has been on the auction block since August, and this all-cash deal from Nippon is the highest bid at $14.1 billion. Included is the assumption of all of U.S. Steel's debts, for a combined deal worth $14.9 billion.
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