Japan's Nippon Steel to acquire U.S. Steel for $14.9 billion

Japan's Nippon Steel clinched a deal on Monday to buy U.S. Steel for $14.9 billion in cash, prevailing in an auction for the 122-year-old iconic steelmaker over rivals including Cleveland-Cliffs, ArcelorMittal and Nucor. The deal price of $55 per share represents a whopping 142% premium to Aug. 11...