United States Steel CORP
Market Movers (8-K)
United States Steel Corporation has completed its previously announced merger with 2023 Merger Subsidiary, Inc., a wholly-owned subsidiary of Nippon Steel North America, Inc., leading to significant changes in its Board of Directors and executive officers.
United States Steel Corporation has finalized its acquisition by Nippon Steel North America, Inc. for $55.00 per share in cash, leading to its delisting from major stock exchanges and significant changes to its corporate governance under a National Security Agreement.
Capital raise
United States Steel Corporation and Nippon Steel Corporation announce that President Trump has approved their historic partnership, with all necessary regulatory approvals now received, paving the way for prompt completion of the transaction.
Better than expected
United States Steel Corporation and Nippon Steel Corporation have consented to a motion to further extend the abeyance of their lawsuit against the U.S. government, signaling continued efforts to resolve regulatory hurdles for their proposed merger.
Delay expected
Worse than expected
United States Steel Corporation's stockholders approved the amendment and restatement of the 2016 Omnibus Incentive Compensation Plan and an amendment to the Certificate of Incorporation providing for limited officer exculpation.
U.S. Steel reported a net loss for Q1 2025, but anticipates improved performance in Q2 driven by easing mining constraints and increased Mini Mill segment volumes.
Worse than expected
Quarterly Earnings (10-Q)
U.S. Steel's Q1 2025 results reveal a net loss and decreased segment performance, compounded by ongoing challenges surrounding the proposed acquisition by Nippon Steel Corporation.
Worse than expected
U.S. Steel's third-quarter results in 2024 were impacted by market challenges across all segments, while the company continues to pursue its merger with Nippon Steel Corporation.
Worse than expected
U.S. Steel's second quarter earnings show sequential improvement despite price headwinds, while the company progresses with its merger with Nippon Steel.
Worse than expected
U.S. Steel's first quarter results show improved performance in Flat-Rolled, Mini Mill, and European segments, while Tubular segment results declined, all while the company progresses towards its merger with Nippon Steel.
Worse than expected
Annual Reports (10-K)
United States Steel Corporation's planned merger with Nippon Steel Corporation was blocked by a presidential order, leading to legal challenges and uncertainty.
Delay expected
Worse than expected
U.S. Steel has granted deferred and restricted stock units to non-employee directors under its 2016 Omnibus Incentive Compensation Plan.
Insider Trading (Form 4)
A U.S. Steel Corporation executive has reported the liquidation of all common stock and equity awards for cash following the consummation of the merger with Nippon Steel North America, Inc. at $55 per share.
Form 4: U.S. Steel Officer Converts Equity Holdings to Cash Following Nippon Steel Merger Completion
A recent SEC Form 4 filing reveals that Manpreet Grewal, VP, Controller & CAO of United States Steel Corp., converted all beneficial equity holdings into cash as a result of the company's merger with Nippon Steel North America, Inc. on June 18, 2025.
Form 4: United States Steel CFO Converts Equity Holdings to Cash Following Nippon Steel Merger Completion
United States Steel Corporation's SVP & Chief Financial Officer, Jessica Graziano, converted her equity holdings into cash on June 18, 2025, as a result of the consummation of the merger with Nippon Steel North America, Inc.
A U.S. Steel executive's equity holdings, including common stock, restricted stock units, performance stock units, and stock options, were converted into cash at $55 per share following the consummation of the merger with Nippon Steel North America, Inc. on June 18, 2025.
Form 4: U.S. Steel Executive Reports Final Share Dispositions Following Nippon Steel Merger Completion
A U.S. Steel executive has filed a Form 4 detailing the conversion of all his company shares, restricted stock units, performance stock units, and stock options into cash at the $55 per share merger consideration, following the consummation of the acquisition by Nippon Steel North America, Inc. on June 18, 2025.
Form 4: United States Steel SVP Converts Equity Holdings to Cash Following Nippon Steel Merger Completion
Daniel R. Brown, SVP of Advanced Technology Steelmaking at United States Steel Corp., converted all his beneficial ownership in company securities into cash following the consummation of the merger with Nippon Steel North America, Inc. on June 18, 2025.
Proxy Statements (Def-14A)
U.S. Steel's board is urging stockholders to vote in favor of the proposed merger with Nippon Steel, highlighting the deal's value-maximizing potential and strategic advantages.
Better than expected
U.S. Steel criticizes Ancora's strategic plan, calling it inconsistent and unrealistic, while reaffirming its commitment to the Nippon Steel transaction.
Worse than expected
DEFC14A: Ancora Launches Proxy Fight to Overhaul U.S. Steel Board, Cites Mismanagement and Flawed Nippon Deal
Ancora Catalyst Institutional, LP is seeking to reconstitute U.S. Steel's board with its own nominees, citing poor performance and a flawed sale process with Nippon Steel Corporation.
Worse than expected
Delay expected
U.S. Steel's board emphasizes maximizing shareholder value through the strategic review process culminating in the proposed acquisition by Nippon Steel.
Better than expected
U.S. Steel has filed a definitive proxy statement and urges stockholders to read it before making any voting decisions for the 2025 Annual Meeting.
U.S. Steel has filed a definitive proxy statement with the SEC for its upcoming 2025 Annual Meeting of Stockholders.
Schedule 13G - Passive Investments
Pentwater Capital Management LP and Matthew Halbower have reported a 0% beneficial ownership stake in United States Steel Corp. common stock.
SCHEDULE 13G: Third Point LLC and Daniel Loeb Disclose 5.4% Passive Stake in United States Steel Corporation
Investment firm Third Point LLC and its CEO Daniel S. Loeb have disclosed a passive beneficial ownership of 5.4% of United States Steel Corporation's common stock, totaling 12,250,000 shares.
BlackRock, Inc. has filed an amended Schedule 13G, revealing its beneficial ownership of 8.8% of United States Steel Corporation's common stock as of March 31, 2025.
Bluefin Capital Management, LLC has filed an amended Schedule 13G, indicating its beneficial ownership in United States Steel Corporation has decreased to 4.6%.
Worse than expected
Bluefin Capital Management, LLC has reported a 10.3% beneficial ownership stake in United States Steel Corp, holding 23,258,700 shares of common stock.