Analysis
September 12, 2024
Final thoughts
Written by Ethan Bernard
I think all of us know that sometimes courtships go wrong. A misplaced word or deed, and soon things go sideways, and not in the prices sense. Such could be the case with Japanese steelmaker Nippon Steel’s play for U.S. Steel.
Nippon has published a list of communications with the United Steelworkers (USW) regarding its efforts to gain the union’s support for the deal. This gives the public a bit of a picture of what has gone on since the proposed transaction was first announced last December. We all know the USW has opposed the transaction from the outset.

