Nippon Steel will exit Alabama plant if U.S. Steel bid succeeds
[ad_1] Nippon Steel has agreed to sell its stake in an Alabama mill in order to avoid potential antitrust snarls should its $14.1 billion attempted takeover of United States Steel prove successful. Japan’s biggest steelmaker will offload its 50% holding in AM/NS Calvert to its joint-venture partner ArcelorMittal for $1, it said in a statement on Friday. The transaction is contingent on Nippon Steel getting the go-ahead to buy U.S. […]