11:43 AM EDT, 09/25/2024 (MT Newswires) -- United States Steel ( X ) said Wednesday that an arbitration panel has ruled in the company's favor in a dispute with the United Steelworkers union related to its planned sale to Nippon Steel.

The panel ruled that US Steel has satisfied all the conditions of the successorship clause of its basic labor agreement with the USW and that no further action is needed to proceed to closing the company's pending deal with Nippon Steel, US Steel said.

The companies aim to complete the deal by the end of the year, US Steel said.

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