U.S. Steel (X) Shares Decline Amid Acquisition Timeline Update

Dec 26, 2024

U.S. Steel (X, Financial) saw its stock fall over 1.9%, closing at $31.36. This decline follows an announcement from Nippon Steel, which stated that it has revised the deadline for its acquisition of U.S. Steel. The timeline has been extended from the third or fourth quarter of 2024 to the first quarter of 2025. Nippon Steel expressed confidence that the acquisition will protect and grow the American company.

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