12
Apr
21:54
US Steel shareholders approve sale to Nippon
US Steel shareholders' preliminary vote count reveals that 98% of the shares approve of the proposed acquisition by Japan's Nippon Steel, Kallanish learns from a US Steel press release.
The official vote took place at a special investor meeting on Friday. The 98% approval comprises 71% of the US Steel common stock.
“The overwhelming support from our stockholders is a clear endorsement that they recognise the compelling rationale for our transaction …
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Anonymous
Very good overview of the weekly steel market.
Anonymous