U.S. Senator from Pennsylvania John Fetterman said in a video posted on X, formerly Twitter, that the acquisition of U.S. Steel (X) by a “foreign company,” namely Nippon Steel (NPSCY), is “wrong for workers and wrong for Pennsylvania.” “I’m gonna do everything I can to block it,” the senator said.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on X:
- M & A News: US Steel (NYSE:X) to be Acquired by Nippon Steel (OTC:NISTF) at $55/Share
- U.S. Steel sees Q4 adjusted EPS 20c-25c, consensus 19c
- U.S. Steel jumps 4% after CNBC says multiple bids top $40 per share
- U.S. Steel received multiple bids over $40 per share, CNBC says
- U.S. Steel board reviewing multiple bids over $40 per share, CNBC reports