The United States Steel Corporation, which played a critical role in helping the Allies defeat Imperial Japan and Nazi Germany in World War II, is now being sold to Japan’s largest steelmaker.
Early on Monday, executives with U.S. Steel and Nippon Steel Corporation announced the nearly $15 billion deal, which vows to uphold the U.S. Steelworkers’ (USW) labor contract and will be completed mid-2024, though shareholders for U.S. Steel must still give their stamp of approval. -- More...