Investors are betting Nippon Steel Corp will take longer to complete its $14.9 billion acquisition of U.S. Steel Corp because opposition from some U.S. lawmakers and labor unions will lead to regulators scrutinizing the deal more. While the price of U.S. Steel shares indicates that traders are giving the deal a more than 70% chance of being completed, the growing gap between the $55-per-share deal value and the market price indicates investors anticipate the political controversy around the deal to delay it. The traders said in interviews that they believe that the Committee on Foreign Investment in the United States (CFIUS), a regulatory panel that will review the deal for potential national security threats, would find it challenging to block the deal given that Nippon hails from Japan, a U.S. ally with a history of investing in North America.
Investors are betting Nippon Steel
Corp will take longer to complete its $14.9 billion
acquisition of U.S. Steel Corp because opposition from
some U.S. lawmakers and labor unions will lead to.
ANALYSIS-Investors see US politics delaying Nippon Steel s U S Steel acquisition devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
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