( ) -q-27- UNDATED (Correspondent Jeremy House) “Asia Pacific region.” U.S. Steel, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. [CutID: <Cuts> US-STEEL-NIPPON-house-q-MONam.mp3 Time: 27s Title: US-STEEL-NIPPON-house-q-MONam Out-cue: Asia Pacific region] TAG: Correspondent Jeremy House reporting. —————————- The transaction involving the Pittsburgh steel producer that played a key […]
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Nippon Steel to aquire storied US Steel for more than $14 billion
( ) -q-27- UNDATED (Correspondent Jeremy House) “Asia Pacific region.”
U.S. Steel, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion.
[CutID: <Cuts> US-STEEL-NIPPON-house-q-MONam.mp3
Time: 27s
Title: US-STEEL-NIPPON-house-q-MONam
Out-cue: Asia Pacific region]
TAG: Correspondent Jeremy House reporting.
—————————-
The transaction involving the Pittsburgh steel producer that played a key role in the nation’s industrialization, is worth about $14.9 billion when including the assumption of debt. Nippon, which will pay $55 per share for U.S. Steel, says the deal will bolster its manufacturing and technology capabilities. It will also expand Nippon’s production in the U.S. and add to its positions in Japan, India and the Asia Pacific region.