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United States Steel | 8-K: U.S. Steel and Nippon Steel Announce Receipt of All Non-U.S. Steel Regulatory Approvals as Key Milestone in Transaction Completion

SEC announcement ·  May 30 21:08
Summary by Futu AI
On May 30, 2024, United States Steel Corporation (U. S. Steel) and Nippon Steel Corporation announced the receipt of all necessary non-U.S. regulatory approvals for their proposed transaction. The approvals were granted by various international regulatory bodies, including the European Commission, the Mexican Federal Economic Competition Commission, and others. U. S. Steel's President & CEO, David B. Burritt, expressed satisfaction with the approvals, highlighting the transaction's pro-competitive nature and its strategic benefits for the steel industry. Takahiro Mori of Nippon Steel also commented on the importance of the milestone and the anticipated benefits for U. S. Steel's stakeholders. Previously, on April 12, 2024, U. S. Steel held a Special Meeting of Stockholders where the transaction received overwhelming approval. The completion of the transaction is expected in the second half of 2024, pending the fulfillment of remaining conditions, including U.S. regulatory approvals.
On May 30, 2024, United States Steel Corporation (U. S. Steel) and Nippon Steel Corporation announced the receipt of all necessary non-U.S. regulatory approvals for their proposed transaction. The approvals were granted by various international regulatory bodies, including the European Commission, the Mexican Federal Economic Competition Commission, and others. U. S. Steel's President & CEO, David B. Burritt, expressed satisfaction with the approvals, highlighting the transaction's pro-competitive nature and its strategic benefits for the steel industry. Takahiro Mori of Nippon Steel also commented on the importance of the milestone and the anticipated benefits for U. S. Steel's stakeholders. Previously, on April 12, 2024, U. S. Steel held a Special Meeting of Stockholders where the transaction received overwhelming approval. The completion of the transaction is expected in the second half of 2024, pending the fulfillment of remaining conditions, including U.S. regulatory approvals.
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