Market Chatter: US Steel Workers Could Face Tough Decisions if Politics Hinders Nippon Deal, Exec Says-March 2024-www.financetom.com

Market Chatter: US Steel Workers Could Face Tough Decisions if Politics Hinders Nippon Deal, Exec Says

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Market Chatter: US Steel Workers Could Face Tough Decisions if Politics Hinders Nippon Deal, Exec Says

Jun 4, 2024 2:02 PM

04:38 PM EDT, 06/04/2024 (MT Newswires) -- United States Steel ( X ) unionized workers could be facing a "nightmare" scenario if a political decision to block Nippon Steel's acquisition leaves it open for takeover by an American rival, Semafor reported Tuesday, citing a Nippon executive.

An takeover within the US would end up trimming the company down, Takahiro Mori vice chairman of Nippon Steel told the news outlet. China is the biggest risk to the steel industry and a leaner US Steel under the US and Japanese control will be more competitive.

"Business is business and politics is politics, and Japan's government is watching this deal," the report quoted Mori as saying.

Neither US Steel nor Nippon Steel immediately responded to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Previous page： Datadog Insider Sold Shares Worth $21,113,553, According to a Recent SEC Filing Next page： Synopsys Fiscal Q4 Non-GAAP Earnings, Revenue Rise; 2025 Outlook Set -- Shares Fall After Hours

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Datadog Insider Sold Shares Worth $21,113,553, According to a Recent SEC Filing

Dec 4, 2024

04:21 PM EST, 12/04/2024 (MT Newswires) -- Alexis Le-Quoc, Director, Chief Technology Officer, on December 02, 2024, sold 138,492 shares in Datadog ( DDOG ) for $21,113,553. Following the Form 4 filing with the SEC, Le-Quoc has control over a total of 324,877 shares of the company, with 324,778 shares held directly and 99 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1561550/000156155024000213/xslF345X05/wk-form4_1733347132.xml ...

Synopsys Fiscal Q4 Non-GAAP Earnings, Revenue Rise; 2025 Outlook Set -- Shares Fall After Hours

Dec 4, 2024

04:19 PM EST, 12/04/2024 (MT Newswires) -- Synopsys ( SNPS ) reported fiscal Q4 non-GAAP earnings late Wednesday of $3.40 per diluted share, up from $3 a year earlier. Analysts polled by FactSet expected $3.30, excluding certain items. Revenue in the quarter ended Oct. 31 rose to $1.64 billion from $1.47 billion a year earlier. Analysts surveyed by FactSet expected...

Chewy Insider Sold Shares Worth $269,605, According to a Recent SEC Filing

Dec 4, 2024

04:23 PM EST, 12/04/2024 (MT Newswires) -- Satish Mehta, Chief Technology Officer, on December 02, 2024, sold 8,056 shares in Chewy (CHWY) for $269,605. Following the Form 4 filing with the SEC, Mehta has control over a total of 922,623 shares of the company, with 922,623 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1766502/000112760224028631/xslF345X05/form4.xml ...

Duolingo Insider Sold Shares Worth $2,786,371, According to a Recent SEC Filing

Dec 4, 2024

04:22 PM EST, 12/04/2024 (MT Newswires) -- Matthew Skaruppa, Chief Financial Officer, on December 02, 2024, sold 8,049 shares in Duolingo ( DUOL ) for $2,786,371. Following the Form 4 filing with the SEC, Skaruppa has control over a total of 81,980 shares of the company, with 81,980 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1562088/000156208824000274/xslF345X05/wk-form4_1733347129.xml ...