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Which state will see increased U.S. Steel operations in 2025 if acquisition is approved?
2
Resolution / Starting Odds
Increased operations in Pennsylvania • 25%
Increased operations in Indiana • 25%
Increased operations in Alabama • 25%
No increase in operations • 25%
Reports from U.S. Steel or state economic reports
Story
Nippon Steel Offers $14.9 Billion Deal with 10-Year Guarantee, Awaiting Biden's Decision by January 7
Dec 31, 2024, 10:26 PM
Nippon Steel has proposed giving the U.S. government veto power over any reduction in U.S. Steel's production capacity as part of a last-ditch effort to secure President Joe Biden's approval for its $14.9 billion acquisition of the American steelmaker. The proposal includes a 10-year guarantee to maintain production levels at U.S. Steel's mills in states such as Pennsylvania, Indiana, and Alabama. This move comes after the Committee on Foreign Investment in the United States (CFIUS) failed to reach a consensus on the national security implications of the deal, leaving the decision to Biden. The acquisition has faced opposition from both Biden and President-elect Donald Trump, who have vowed to block it. Despite the opposition, U.S. Steel shares surged by 14% following the report of Nippon Steel's proposal, which also includes a $1 billion pledge to improve U.S. Steel and an offer of $55 per share. Biden has until January 7 to make a final decision on the deal.
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Similar markets
A U.S. company • 25%
No acquisition • 25%
Nippon Steel • 25%
Another foreign company • 25%
Undergoes restructuring • 25%
Merges with another U.S. company • 25%
Seeks another foreign investor • 25%
Focuses on domestic growth • 25%
Other strategic direction • 25%
Seek another merger/acquisition • 25%
Focus on domestic expansion • 25%
Undergo restructuring • 25%
Yes • 50%
No • 50%
Remains independent • 25%
Owned by Nippon Steel • 25%
Acquired by another U.S. entity • 25%
Acquired by another foreign entity • 25%
Significant restructuring • 25%
Increased profitability • 25%
Decreased profitability • 25%
Status quo • 25%
Remains independent • 25%
Other • 25%
Acquired by a foreign company • 25%
Acquired by a U.S. company • 25%