Nippon Steel Confident Heavy Premium for U.S. Steel Makes Sense

Even as the Japanese steel giant’s shares fell more than 5%, Nippon Steel stated on Tuesday that it can afford to pay $14.9 billion for U.S. Steel (X.N)

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Nippon Steel Confident Heavy Premium for U.S. Steel Makes Sense

Even as the Japanese steel giant’s shares fell more than 5%, Nippon Steel stated on Tuesday that it can afford to pay $14.9 billion for U.S. Steel (X.N)

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Nippon Steel aims to complete a global network… by establishing a base in the United States… where steel demand is expected to grow

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The Japanese steel behemoth sealed the deal on August 11 with a cash offer of $55 per share, a massive 142% premium above U.S.

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The anticipated value of the synergies resulting from the transaction has not been provided by the company.

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According to Japan expert Mark Chadwick, “this deal will propel Nippon Steel into the top 3 global makers of steel

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Nippon is paying what amounts to 7.3 times U.S. Steel’s 12-month earnings before interest, taxes, depreciation, and amortisation (EBITDA),

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