"U.S. Steel Shareholders Overwhelmingly Approve $14.9B Nippon Buyout"

U.S. Steel shareholders have approved the company's $14.9 billion acquisition by Japan's Nippon Steel, despite political opposition and scrutiny from regulators. The deal, which has drawn criticism from U.S. lawmakers and the United Steelworkers union, is facing an in-depth antitrust investigation by the U.S. Justice Department. Nippon has pledged no job cuts and plans to honor all agreements with the union, but investors expect the controversy to delay the deal's closing, which is now anticipated to occur in the second half of 2024.