Nearly 100 percent of the United States Steel Corp. shareholders who cast votes on Friday regarding Nippon Steel Corp. s proposed acquisition of the company approved the plan, despite opposition from.
U.S. Steel shareholders voted overwhelmingly in favor of the company s proposed sale to Nippon Steel Corporation, according to preliminary tallies released Friday.
Takahiro Mori of Nippon Steel Corp. traveled to Pittsburgh for a $14 billion steel merger with US Steel. Despite promises of investment and job security, talks with union leader David McCall failed. Political tensions, including opposition from Presidents Biden and Trump, now complicate the deal, highlighting the intersection of business and politics.