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Significant layoffs at U.S. Steel within 6 months post-acquisition?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Official company announcements or credible labor reports
Story
EU Approves Nippon Steel's $14.9 Billion Acquisition of U.S. Steel
May 6, 2024, 01:10 PM
The European Commission has approved Nippon Steel's acquisition of U.S. Steel for $14.9 billion. The deal, which grants Nippon Steel sole control of the U.S. company, was cleared despite political opposition in the United States, including from President Biden. This acquisition does not raise competition concerns according to the European Commission.
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More than 10% layoffs • 33%
5% to 10% layoffs • 33%
Fewer than 5% layoffs • 34%
Yes • 50%
No • 50%
