U.S. Steel shareholders approved its $14.9 billion acquisition by Japan's Nippon Steel, despite political opposition citing national security concerns. Over 98% of votes favored the deal, under which Nippon will pay $55 per share. President Biden has expressed the need for U.S. Steel to remain domestically owned. The deal faces scrutiny from regulators and criticism from the United Steelworkers union, concerned about potential job losses. Nippon has pledged no job cuts and plans to move its U.S. headquarters to Pittsburgh. Read The Rest at :
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