Investing
US Steel says arbitration board rules in favor of Nippon Steel’s $14.9 billion buyout deal By Reuters
(Reuters) -U.S. Steel said on Wednesday the board of arbitration, jointly selected by the steelmaker and the United Steelworkers union to settle disputes between them, has ruled in favor of Nippon Steel’s $14.9 billion buyout deal.
The arbitration board ruled that U.S. Steel has satisfied each of the conditions of the successorship clause of its basic labor agreement with the USW, the company said.
Nippon Steel had clinched the deal to buy U.S. Steel last December over rivals, including Cleveland-Cliffs (NYSE:), ArcelorMittal (NYSE:) and Nucor (NYSE:), paying a hefty premium as it bet the steelmaker would benefit from U.S. President Joe Biden’s infrastructure spending bill.
The deal, however, has faced political oppositions, including from Democrat presidential candidate Kamala Harris and her Republican challenger Donald Trump ahead of the elections in November.
Read the full article here
How to Build a Legacy of Leadership in Your Business in Six Proven Strategies
4 Ways Content Can Make or Break the Customer Experience
How I Secured My Family’s Financial Future Through a Trust
5 Entrepreneurial Reasons to Embrace Philanthropy
Mizuho raises UGI price target to $33 By Investing.com
The Day Trader’s Guide to Making Money Without Tying to a Desk
How Charlotte’s Rally Pickleball Got Its Start
5 Surprising Ways Trump’s Trade Agenda Could Affect What You Pay at Checkout
Quantum stock soars on new file system client By Investing.com
Kickstart Your Year With These Entrepreneurial Health Checkups
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles7 days agoThe Day Trader’s Guide to Making Money Without Tying to a Desk
-
Side Hustles6 days agoHow Charlotte’s Rally Pickleball Got Its Start
-
Make Money6 days ago5 Surprising Ways Trump’s Trade Agenda Could Affect What You Pay at Checkout
-
Investing6 days agoQuantum stock soars on new file system client By Investing.com
-
Side Hustles4 days agoKickstart Your Year With These Entrepreneurial Health Checkups
-
Side Hustles3 days agoExpand Your Global Reach with Access to More Than 150 Languages for Life
-
Side Hustles2 days agoKFC Announces Saucy, a Chicken Tenders-Focused Spinoff
-
Investing2 days agoPalantir, Anduril join forces with tech groups to bid for Pentagon contracts, FT reports By Reuters