Loading...
Market
U.S. Steel Stock Change One Month After Deal Decision
2
Resolution / Starting Odds
Increase by more than 10% • 25%
Increase by up to 10% • 25%
Decrease by up to 10% • 25%
Decrease by more than 10% • 25%
Stock market data from financial platforms such as Bloomberg or Yahoo Finance
Story
Biden to Block Nippon Steel's $14.1 Billion U.S. Steel Deal; Shares Drop 18%
Dec 10, 2024, 09:24 PM
President Joe Biden plans to formally block the $14.1 billion sale of United States Steel Corporation to Japan's Nippon Steel on national security grounds, according to sources familiar with the matter. The decision is expected to be made later this month after the Committee on Foreign Investment in the United States (CFIUS), which has been reviewing the deal for months, refers the matter to him. U.S. Steel shares extended their decline to 18% after the news, with trading halted after falling 8.8%. Nippon Steel responded by stating that it is not appropriate for politics to outweigh true national security interests. Both companies are likely to pursue litigation if the deal is blocked.
View original story
Similar markets
Significant increase (>10%) • 25%
Decrease • 25%
No significant change • 25%
Moderate increase (1-10%) • 25%
No • 50%
Yes • 50%
Decrease by 10% or more • 25%
Increase by less than 10% • 25%
Increase by 10% or more • 25%
Decrease by less than 10% • 25%
Supportive Response • 25%
Opposition Continues • 25%
Neutral Stance • 25%
Legal Action Taken • 25%
No • 50%
Yes • 50%
Deal Blocked by CFIUS • 25%
Deal Approved • 25%
Deal Blocked by Biden • 25%
Deal Withdrawn by Nippon Steel • 25%