Nippon Acquisition of U.S. Steel Good for Economy

Japanese steelmaker Nippon agreed in December 2023 to acquire U.S. Steel at a 40 percent premium to its stock price. It’s no surprise shareholders welcomed the proposal. But opposition to the deal immediately sprang forth from union bosses, the Biden administration, and politicians from both sides of the aisle. An all-out public relations war is goading regulators into blocking the acquisition. Read Full Article »