U.S. Steel shareholders approve $14.9 bln buyout by Nippon Steel
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U.S. Steel shareholders have approved the $14.9 billion acquisition of the company by Japan's Nippon Steel. Over 98% of votes favored the deal, which will see Nippon pay $55 per share. The acquisition has faced political opposition due to national security concerns, but President Biden has expressed the need for U.S. Steel to remain domestically owned. The deal is expected to face scrutiny from regulators and criticism from the United Steelworkers union. Nippon has pledged no job cuts and plans to move its U.S. headquarters to Pittsburgh.

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https://m.economictimes.com/news/international/business/u-s-steel-shareholders-approve-14-9-bln-buyout-by-nippon-steel/articleshow/109260645.cms