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.X: is this perennial leader facing new challenges?

With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is X one of them?

Unlock ProPicks AI to find out