U.S. Steel (X) stakeholders voted to approve a $14.1B takeover bid by Nippon Steel (NPSCY), leaving the fate of the deal to U.S. regulators, Bloomberg’s Joe Deaux reports. Investors approved the Japanese company’s $55 per share offer at a special shareholders’ vote that was largely expected to win approval, the author notes. Shares of U.S. Steel are down about 3% in afternoon trading.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on X:
- DOJ opens formal antitrust probe of U.S. Steel takeover, Politico reports
- Biden, asked on U.S. Steel, stands by commitment to U.S. workers, Bloomberg says
- U.S. Steel (NYSE:X), Cleveland-Cliffs Diverge after New Analyst Calls
- GE Aerospace upgraded, AmEx downgraded: Wall Street’s top analyst calls
- Wolfe upgrades ‘relatively cheap’ U.S. Steel to Outperform