U.S. Steel Faces Stark Choices as Nippon Steel Merger Founders
For more than a year, U.S. Steel pursued an ambitious solution to its mounting challenges. Once a symbol of American industrial might, it had agreed to a takeover by Nippon Steel, a Japanese rival, in a bid to ward off obsolescence. Citing the need to finance a costly modernization of its mills, U.S. Steel warned […]
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