Japanese steel company purchasing Pittsburgh-based U.S. Steel in deal worth nearly $15 billion
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Japanese steel company purchasing Pittsburgh-based U.S. Steel in deal worth nearly $15 billion Japanese steel company purchasing Pittsburgh-based U.S. Steel in deal worth nearly $15 billion 00:35 PITTSBURGH (KDKA) -- The United States Steel Corporation is being purchased by the Nippon Steel Corporation, the largest steelmaker in Japan. The companies announced the news of the purchase early Monday morning and say that it will be an all-cash transaction at a value of $55 per share, making the total deal worth nearly $15 billion, including Nippon acquiring U.S. Steel's debt. As part of the agreement, U.S. Steel, which was founded in 1901 by Andrew Carnegie, J.P. Mor