TOP
PRODUCT
R&D
ABOUT NIPPON STEEL
INVESTORS
SUSTAINABILITY
NIPPON STEEL

close

PRODUCT

Products TOP
Use application
News and events
Downloads
Contact Us

R&D

R&D TOP
Overview of R&D
Laboratories
Technical Papers and Technical Reports

ABOUT NIPPON STEEL

ABOUT NIPPON STEEL TOP
Who we are
Offices
Manufacturing Bases

INVESTORS

Investors Top
IR News
Management Plan
Financial Information
IR Library
Stock & Corporate Bonds
To Our Shareholders
Investor FAQs
IR Calendar
Terms & Conditions

SUSTAINABILITY

Sustainability Top
Environment
Social
Governance
Products TOP
Use application
News and events
Downloads
Contact Us
R&D TOP
Overview of R&D Laboratories
Technical Papers and Technical Reports
ABOUT NIPPON STEEL TOP
Who we are
Offices
Manufacturing Bases
Investors Top
IR News
Management Plan
Financial Information
IR Library
Stock & Corporate Bonds
To Our Shareholders
Investor FAQs
IR Calendar
Terms & Conditions
Sustainability Top
Environment
Social
Governance

Lang :

NIPPON STEELNIPPON STEEL

Products
Research & Development
About Nippon Steel
Investors
Sustainability
NEWS RELEASENEWS RELEASE

NEWS RELEASE

  • HOME
  • News Release
  • 2024
  • [Changes to Disclosed Matters] Acquisition of United States Steel Corporation
  • twitter
  • facebook
News Release
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • The former Nippon Steel
  • The former Sumitomo Metal
  • The former Nippon Steel Nisshin

[Changes to Disclosed Matters] Acquisition of United States Steel Corporation

May. 3, 2024

Nippon Steel Corporation

Regarding the timely disclosure titled “Acquisition of United States Steel Corporation” dated as of December 18, 2023, Nippon Steel Corporation (“Nippon Steel”) would like to inform you that there has been a change as described below.

1.     Reason for the change

Nippon Steel and United States Steel Corporation ("U. S. Steel”) each received a request for additional information and documentary materials (a “Second Request”) from the U.S. Department of Justice (the “DOJ”) in connection with the DOJ’s review of the acquisition of U. S. Steel by Nippon Steel (“Transaction”). Following receipt of the Second Request and following careful deliberation with respect to the regulatory processes, Nippon Steel revises the estimated date of closing of the Transaction. Nippon Steel also notes that U. S. Steel’s stockholders approved the Transaction at a special meeting of U. S. Steel stockholders held on April 12, 2024 (local time), and, therefore, Nippon Steel has revised the notes regarding the estimated date of closing to remove the receipt of U. S. Steel stockholder approval of the Transaction as a condition to the consummation of the Transaction. Nippon Steel will continue to fully cooperate with the examination of the relevant authorities and are determined to complete the Transaction.

 

2.     The section and content of the change

The content disclosed in the section "5. Schedule (3) Estimated Date of Closing "

 

(Before the change)

Second or third quarter of calendar year 2024(Estimate*)

*Subject to approval of U. S. Steel shareholders, receipt of regulatory approvals and other closing conditions as specified in the merger agreement.

 

(After the change)

Third or fourth quarter of calendar year 2024(Estimate*)

*Subject to receipt of regulatory approvals and other closing conditions as specified in the merger agreement.

 

3.     The impact on Performance

There is no impact on our consolidated performance.

 

*For more information about this acquisition, please refer to the press release on December 18, 2023.
https://www.nipponsteel.com/common/secure/en/ir/library/pdf/20231218_100.pdf

 

 

For inquiries

Public Relations Center  Tel.: +81-3-6867-2977, 2135, 2146, 3419

Return to Press Release

Page top

    Lang :

    Products
    Use application
    News and events
    Downloads
    Contact Us
    Research & Development
    Overview of R&D
    Laboratories
    Technical Papers and
    Technical Reports
    About Nippon Steel
    Who we are
    Offices
    Manufacturing Bases
    Investors
    IR News
    Management Plan
    Financial Information
    IR Library
    Stock & Corporate Bonds
    To Our Shareholders
    Investor FAQs
    IR Calendar
    Terms & Conditions
    Sustainability
    Environment
    Social
    Governance

    NIPPON STEEL

    Copyright NIPPON STEEL CORPORATION. All rights reserved.

    Privacy Policy and Privacy Notices
    Legal Notice
    Cookie Policy
    Contact Us

    Copyright NIPPON STEEL CORPORATION. All rights reserved.