Aug. 10 at 12:16 PM
$CLF $CLF $PKX
Looking back at the Nippon Steel–U.S. Steel deal, it’s becoming increasingly difficult to argue that Nippon Steel paid a high price.
Nippon Steel acquired U.S. Steel for
$55/share, valuing the equity at approximately
$14.1B and the enterprise at
$14.9B. At the time, that represented a ~40% premium to U.S. Steel’s December 15, 2023 closing price. (http://nipponsteel.com)
But look at what Nippon Steel is doing now.
By the end of 2028, Nippon Steel plans to invest
$11B in U.S. Steel and says the investments and technology transfers could generate approximately
$3B per year of structural impact by 2030. (http://nipponsteel.com)
And the latest results show why this strategic bet matters: Nippon Steel recently raised its FY2026 profit forecast by 32%, citing stronger-than-expected earnings from U.S. Steel and a strong U.S. steel market. (Reuters)
So the real question for
$CLF shareholders is:
👇👇👇
