U.S. Steel acquisition by Nippon Steel to close by June 18

Investing.com -- Nippon Steel’s acquisition of U.S. Steel is set to close by June 18, according to a Saturday report from the Nikkei that did not cite its sources for this information.

The Japanese steelmaker received conditional approval from U.S. regulators for the $14.1 billion purchase of the American steel producer.

While June 18 marks the deadline for the merger agreement between the two companies, they have not provided a specific date for when the transaction will officially close.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.Is X truely undervalued?

With X making headlines, investors are asking: Is it truly valued fairly? InvestingPro's advanced AI algorithms have analyzed X alongside thousands of other stocks to uncover hidden gems with massive upside. And guess what? X wasn't at the top of the list.

Unlock ProPicks AI