The world’s fourth largest steel producer – Nippon Steel of Japan – made an offer to buy the third largest steelmaker in the U.S., U.S. Steel Corporation, in an all cash purchase priced at $55 a share in December, nearly double the company’s share price from early August.
After roughly two years of back and forth on opening more markets to free trade between the U.S. and U.K., both sides have given up. Why that’s a good thing.