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.Should you invest $2,000 in X right now?

With X making headlines, savvy investors are asking: Is it truly valued fairly? In a market full of overpriced darlings, identifying true value can be challenging. InvestingPro's advanced AI algorithms have analyzed X alongside thousands of other stocks to uncover hidden gems. These undervalued stocks, potentially including X, could offer substantial returns as the market corrects. In 2024 alone, our AI identified several undervalued stocks that later surged by 30 or more. Is X poised for similar growth? Don't miss the opportunity to find out.

Reveal Undervalued Stocks Now