Nippon Steel's acquisition of US Steel faces delays and political opposition, but retail sentiment is positive

From StockTwits: 2024-12-26 12:54:24

Retail investors on Stocktwits are optimistic about U.S. Steel despite uncertainty over Nippon Steel’s takeover bid. Nippon Steel extended the closing timeline for the $14.9 billion acquisition to Q1 2025 due to regulatory scrutiny. The CFIUS failed to reach a consensus, passing the decision to President Biden, who has 15 days to act. Trump also opposes the deal. Nippon Steel remains confident that the acquisition will protect and grow U.S. Steel. Despite political opposition, shareholders approved the acquisition. Nippon offered to move its U.S. headquarters to Pittsburgh and honor agreements with the union. U.S. Steel shares are down 34% YTD.



Read more at StockTwits: US Steel Stock Dips As Nippon Acquisition Faces Delays, Political Opposition But Retail Sentiment Remains Bullish