Leibowitz: Nostalgia shouldn't block Nippon Steel's good deal for U.S. Steel

All good things, including but not limited to the Holiday Season, must come to an end. The corporate independence of U.S. Steel Corporation looks like it’s coming to an end also, despite objections from some politicians and the United Steelworkers (USW) union.

On Dec. 18, Nippon Steel Corporation (NSC), headquartered in Tokyo, and United States Steel Corp., headquartered in Pittsburgh, announced their agreement to have NSC purchase up to 100% of U.S. Steel stock for $14.1 billion in cash. Numerous news reports referred to U.S. Steel as an “iconic” company. The term arguably fits U.S. Steel as it once was but is no longer.

Lewis Leibowitz

Lewis Leibowitz, owner of the Law Office of Lewis E. Leibowitz, practices in the areas of international trade law, customs law, and international commercial transactions. He represents clients before all federal courts and agencies dealing with international trade matters. Mr. Leibowitz advises and assists clients in diverse matters including trade remedies, customs, foreign-trade zones and free trade agreements, trade negotiations, and related matters. He can be reached at lewis.leibowitz@lellawoffice.com.