DonCorleone77 Posted - 2 days ago

$NPSCY $X Nippon Steel pushes to get U.S. Steel deal cleared, FT reports Nippon Steel's (NPSCY) top executives are meeting local officials and workers of U.S. Steel (X) in Pennsylvania as the company makes a post-election push to build support for a $15B takeover that faced bipartisan opposition in Washington, Amelia Pollard and Demetri Sevastopulo of The Financial Times reports. Nippon vice-chair Takahiro Mori flew to Pittsburgh and will make his case in person over the next few days that regulators should clear its bid, a person familiar with the trip told the Times.

PenkeTrading Posted - 10/24/24

I found you an Oversold RSI (Relative Strength Index) on the daily chart of Nippon Steel Corp ADR. Is that bullish or bearish? $NPSCY #RsiOversold #PINK

Stinger2023 Posted - 1 month ago

$MT $NPSCY $X - they are positioning themselves for this thing to be done. I think with this move, Anti-Trust issues will be resolved with them divesting their stake in that joint venture. That will get passed by regulators as they realize that w is no bad intentions here- it is a clean purchase. The Union will realize it is a losing battle and not good for them.

DonCorleone77 Posted - 1 month ago

$MT $X $NPSCY ArcelorMittal to buy Nippon Steel interest in JV to address U.S. Steel concerns ArcelorMittal (MT) announced it has entered into a definitive equity purchase agreement with Nippon Steel (NPSCY), or NSC, pursuant to which ArcelorMittal will purchase NSC's 50% equity interest in the AM/NS Calvert Joint Venture. The transaction has been entered in to at the request of NSC to address regulatory concerns pursuant to its agreed acquisition of U.S. Steel (X). The transaction is subject to NSC completing its pending acquisition of U.S. Steel, which is subject to various other regulatory requirements. Under the terms of the agreement, ArcelorMittal will pay $1 consideration for the transaction; further, NSC will inject cash and forgive partner loans in an amount estimated to be approximately $900M. There are no assurances or guarantees that NSC will complete its acquisition of US Steel. Should NSC not complete its acquisition of U.S. Steel, then the agreement will not come into effect and the AM/NS Calvert Joint Venture will continue.

Broview Posted - 1 month ago

$NPSCY deal with X would not go through. It could be good news that Japanese company saving the cash?

G101SPM Posted - 2 months ago

$X $33.30 +2.11. DAC (dollar average cost) (6) 33.335 last $28.77 (9.4.24). CHANGE EXIT TO $40.000 FROM $34.00. BRIEF: .U.S. Steel: Nippon Steel ($NPSCY) releases negotiation details with United Steelworkers to clarify U.S. Steel takeover talks.

DonCorleone77 Posted - 2 months ago

$CLF $X $NPSCY Goncalves never misses an opportunity: Cleveland-Cliffs open to buying any assets U.S. Steel shuts down Cleveland-Cliffs (CLF) applauded the reported decision by President Biden to officially block the foreign takeover of U.S. Steel (X) by Japan's Nippon Steel (NPSCY). The Company provided the following statement from its Chairman, President and CEO, Lourenco Goncalves: "We commend President Biden and the U.S. government for its reported decision to block foreign ownership of U.S. Steel by Japan's Nippon Steel. The American steel industry plays a crucial role in safeguarding our national security. President Biden's courageous move affirms our view that our industry is best served by American companies that are committed to the long-term prosperity of domestic manufacturing, supported by good paying union jobs, under American ownership... With the continued exclusive and unwavering support of the United Steelworkers union, and with ample financing support available from our bank group led by J.P. Morgan and Wells Fargo, Cleveland-Cliffs stands ready to immediately acquire and invest in any and all union-represented assets that U.S. Steel shuts down, protecting union jobs and investing in the future livelihoods and communities in which the facilities operate."

DonCorleone77 Posted - 2 months ago

$NPSCY $X Nippon Steel's bid for U.S. Steel faces pushback from U.S. politics, WSJ says Japan's Nippon Steel (NPSCY) had hoped it could counter China's export onslaught with a deal in the U.S., where it could enjoy protection from Chinese rivals, but U.S. politics have proven to be an equally challenging foe, Peter Landers and Jason Douglas of The Wall Street Journal report. The slim prospects for Nippon Steel's $14B proposed takeover of U.S. Steel (X) have narrowed further with President Biden set to use his executive powers to block the deal, a person familiar with the matter told the Journal.

Benzinga Posted - 2 months ago

Biden Gears Up To Block Nippon Steel's $15B US Steel Acquisition: Report https://www.benzinga.com/markets/asia/24/09/40716696/biden-gears-up-to-block-nippon-steels-15b-us-steel-acquisition-report $X $NPSCY

DonCorleone77 Posted - 2 months ago

$X $NPSCY Biden administration preps to block Nippon Steel buying U.S. Steel, WaPo says The Biden administration is preparing to block Nippon Steel's (NPSCY) planned purchase of U.S. Steel (X), sources told The Washington Post's Jeff Stein and David Lynch. Shares of U.S. Steel were halted for volatility after falling following the WaPo's report.

EveryTimeICash Posted - 2 months ago

$X U.S. Steel fades quick, halted now on volatility after reports that President Biden is prepared to block Nippon Steel $NPSCY acquisition of $X

G101SPM Posted - 2 months ago

$X $36.14 bid. DAC (3) $37.90. EXIT $43.00. BRIEF: U.S. Steel employees to rally in support of Nippon Steel ($NPSCY) transaction .

DonCorleone77 Posted - 2 months ago

$X $NPSCY Nippon Steel pledges U.S. Steel would be run by Americans, FT reports Nippon Steel (NPSCY) has pledged to appoint a board for U.S. Steel (X) with a majority of Americans if its deal for the company is approved, The Financial Times' David Keohane reports. Nippon Steel also said that the board would also include three independent directors who are U.S. citizens and that the "core senior management members" would be American, adding that U.S. Steel would be owned by Nippon Steel North America, a New York-based subsidiary of the Japanese company "that has operated in the United States for over 50 years." Nippon Steel's comments came after Democratic presidential nominee Kamala Harris said Monday that U.S. Steel should remain domestically owned and operated.

DonCorleone77 Posted - 2 months ago

$X $NPSCY U.S. Steel would close plants if sale collapses, WSJ reports U.S. Steel (X) CEO David Burritt says the company would close steel mills and move its headquarters from Pittsburgh should the planned $14.1B sale to Nippon Steel (NPSCY) fall apart, The Wall Street Journal's Bob Tita reports. Burritt said the nearly $3B that Nippon Steel has pledged to invest in U.S. Steel's older mills is "critical" to maintaining workers' jobs and keeping them competitive and that "We wouldn't do that if the deal falls through... I don't have the money." Burritt's comments came after Democratic presidential nominee Kamala Harris said Monday that U.S. Steel should remain domestically owned and operated.

Broview Posted - 08/30/24

$NPSCY would see more Japanese companies buyout US companies ? After fed lowering rate...

DonCorleone77 Posted - 08/26/24

$NPSCY $X Nippon Steel's takeover of U.S. Steel ensnared by labor opposition, NYT reports Nippon Steel (NPSCY) is locked in a standoff with the United Steelworkers union, which represents some of the most politically powerful voters in the U.S., after agreeing to acquire U.S. Steel (X) for $14.9B in December, the New York Times' River Akira Davis reports, citing sources with knowledge of the matter. Much of the opposition surrounding the deal can be traced back to Nippon Steel's decision not to consult union leaders while it negotiated the merger and the company underestimated the challenges the union's opposition would pose to closing the deal.

Broview Posted - 07/29/24

$NPSCY long term investment. Love Japanese?

DonCorleone77 Posted - 07/23/24

$CLF $X $NPSCY Goncalves is never afraid to speak his mind :o) Cleveland-Cliffs CEO says 'Mike Pompeo is damaged goods' Cliffs' (CLF) Chairman and CEO Lourenco Goncalves was speaking on the company's earnings call, referencing Nippon Steel (NPSCY) having hired former Secretary of State Mike Pompeo to help complete a proposed purchase of U.S. Steel (X).

Sarge986 Posted - 07/22/24

. TheStreet PRO: Heavy Metal Week: I'm Bent on Nucor $NPSCY $X $CLF $STZHF $NUE #MarketRecon . https://pro.thestreet.com/trade-ideas/heavy-metal-week-im-bent-on-nucor

DonCorleone77 Posted - 4 months ago

$X $NPSCY Hilarious how these "public servants" end up making millions as consultants: Nippon hires Mike Pompeo to help on US Steel buyout, Bloomberg says Nippon Steel (NPSCY) confirmed to Bloomberg that it has hired former Secretary of State Mike Pompeo to help complete a proposed purchase of US Steel (X), Josh Wingrove and Jennifer Jacobs report. Pompeo served as Secretary of State under former president Donald Trump, The deal's fate is unclear as it undergoes a national security review and faces opposition by the United Steelworkers union, Bloomberg says. Shares of U.S. Steel are up 1% to $38.25 following the report.

Broview Posted - 5 months ago

$NPSCY long term investment? Tailwind continues

DonCorleone77 Posted - 7 months ago

$X $NPSCY $AA $NUE $ARNC The quintessential diplomat: Biden to propose higher tariffs on Chinese steel, aluminum, Bloomberg reports President Joe Biden will propose higher tariffs on Chinese steel and aluminum during a visit to Pittsburgh, Bloomberg's Josh Wingrove and Joe Deaux report. Biden will propose new 25% tariffs on certain Chinese steel and aluminum products as part of an ongoing review, while the U.S. also launches a formal probe into China's shipbuilding industry. The U.S. President will also reiterate that U.S. Steel (X) should remain American-owned. U.S. Steel shareholders have approved the proposed merger with Nippon Steel (NPSCY).

tradethehalt Posted - 7 months ago

$NISTF $NPSCY $X U.S. Steel Shareholders Approve Nippon Steel Merger https://www.reuters.com/markets/deals/us-steel-shareholders-approve-149-bln-buyout-by-nippon-steel-bloomberg-reports-2024-04-12/

DonCorleone77 Posted - 7 months ago

$X $NPSCY U.S. Steel shareholders approve deal with Nippon Steel, Bloomberg reports 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.

DonCorleone77 Posted - 7 months ago

$X $NPSCY U.S. Steel shareholders approve deal with Nippon Steel, Bloomberg reports

DonCorleone77 Posted - 7 months ago

$X $NPSCY U.S. Steel, Nippon to push back merger closing, Bloomberg reports U.S. Steel (X) and Nippon Steel (NPSCY) are deliberating a decision to formally push back the time frame they expect to close their planner merger, Joe Deaux and Josh Wingrove of Bloomberg report. The companies are expected to announced they now anticipate the transaction to close in the second half of 2024, people familiar with the conversations told Bloomberg. That's an adjustment from the current guidance of closing in the second quarter or third quarter.

DonCorleone77 Posted - 7 months ago

$X $NPSCY DOJ opens formal antitrust probe of U.S. Steel takeover, Politico reports The DOJ has opened up a formal antitrust probe of Nippon Steel's (NPSCY) $1.4B deal to buy U.S. Steel (X), Politico's Josh Sisco reports, citing two people with direct knowledge of the matter. It is unclear when the DOJ officially opened up the in-depth review, but it happened recently, according to the people.

DonCorleone77 Posted - 7 months ago

$X $NPSCY Biden, when asked on U.S. Steel, stands by commitment to U.S. workers, Bloomberg says President Joe Biden, in response to questions about the U.S. Steel (X) deal to be bought by Nippon Steel (NPSCY), replied that he stands by his commitment to American workers, according to Bloomberg. "I stand my my commitment to American workers. I'm a man of my word, and I'm going to keep it," Biden is quoted as having said Wednesday during a joint press conference with Japanese Prime Minister Fumio Kishida at the White House. In afternoon trading, U.S. Steel shares are up a bit over 1% to $42.48.

DonCorleone77 Posted - 7 months ago

$X $NPSCY U.S. Steel union workers push back against Nippon Steel deal, WSJ says U.S. Steel's (X) Mon Valley Works mill has been hit by fires and millions in regulatory fines, Bob Tita of The Wall Street Journal reports. Plans for a $1.2B upgrade were abandoned and analysts believed the mill would eventually close. Now, Mon Valley Works mill, along with a collection of aging plants alongside the Monongahela River, are taking a central role in Nippon Steel's (NPSCY) $14.1B deal to acquire U.S. Steel. Union workers staffing these mills have accused executives of turning their backs on plants that have served the company for over a century and leaders of the union are now opposing Nippon Steel's planned takeover, claiming the deal could lead to further underinvestment in the plants.

DonCorleone77 Posted - 03/31/24

$NPSCY $X Nippon emphasizes 'deep roots' in U.S. in pursuit of U.S. Steel, Reuters says Nippon Steel (NPSCY) intends to pursue its proposed acquisition of U.S. Steel (X) and wants its "deep roots" in the United States to be recognized, its new president said - remarks that come after U.S. President Joe Biden expressed opposition to the deal, Reuters' Yuka Obayashi and Ritsuko Shimizu report. "What U.S. politicians are concerned about is jobs and whether U.S. Steel can develop as an iconic U.S. company in the U.S.," Tadashi Imai told reporters last week before he took on his new role on Monday. "I am convinced that we're the most useful partner to help U.S. Steel grow in the United States," he added.