URGENT: Nippon Steel to buy U.S. Steel for $14. bil. in all-cash deal

Nippon Steel Corp. will buy United States Steel Corp. for about $14.1 billion in an all-cash transaction, the two companies said Monday.

Nippon Steel will make the major U.S. steelmaker a wholly-owned subsidiary once the deal is closed in the second or third quarter of 2024, subject to approval by the U.S. firm's shareholders and U.S. regulators, they said.

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