Previous close | 39.13 |
Open | 39.44 |
Bid | 0.00 x 1100 |
Ask | 0.00 x 900 |
Day's range | 38.61 - 39.74 |
52-week range | 20.40 - 50.20 |
Volume | |
Avg. volume | 4,691,367 |
Market cap | 8.754B |
Beta (5Y monthly) | 2.06 |
PE ratio (TTM) | 10.94 |
EPS (TTM) | 3.56 |
Earnings date | 25 Apr 2024 - 29 Apr 2024 |
Forward dividend & yield | 0.20 (0.51%) |
Ex-dividend date | 09 Feb 2024 |
1y target est | 40.44 |
WASHINGTON (Reuters) -Any national-security review of the deal for Japan's Nippon Steel to acquire U.S. Steel conducted by the Committee on Foreign Investment in the United States (CFIUS) will proceed as normal, a White House official said on Thursday. President Joe Biden has repeatedly said he opposed the sale of the U.S. industrial firm to Nippon Steel, leaving some to describe the deal as on life support. "Obviously, there are certain legal processes... you're referring to CFIUS," said Lael Brainard, White House national economic adviser, at the Semafor World Economy Summit 2024.
Any review of the deal by Japan's Nippon Steel for U.S. Steel by the Committee on Foreign Investment in the United States will proceed as normal, a White House official said on Thursday. White House National Economic Adviser Lael Brainard said at the Semafor World Economy Summit 2024 that any national-security review of the deal would continue as normal after U.S. President Joe Biden said he opposed the sale to a foreign buyer.
U.S. Steel and Japanese buyer Nippon Steel said the Pittsburgh-based firm will remain an "iconic American company" even after a planned $14.9 billion takeover, echoing President Joe Biden's promise to local steelworkers. The two steel giants responded hours after Biden on Wednesday pledged that U.S. Steel would remain a "totally American company," repeating his opposition to the deal. "And that's going to happen, I promise you," Biden told the supportive crowd during an event in Pittsburgh.