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18 Dec
21:15

Nippon-USS merger may create world's 2nd-largest steelmaker

Nippon Steel’s planned acquisition of US Steel would create the world’s second-largest steel producer, depending on whether the integration of the two companies includes divestitures, Kallanish learns after the merger agreement Monday. Nippon Steel agreed to purchase the iconic Pittsburgh, Pennsylvania steelmaker for $14.9 billion in cash and assumed debt (see separate story). If the sale goes through, the Tokyo-based titan gains a 122-year-old stalwa…
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