Overview

• The acquisition closed at $55 per share after an 18-month approval process involving two presidential reviews
• U.S. Steel will retain its Pittsburgh headquarters and its historic name as part of the deal terms
• The merged company will become the world’s second-largest steelmaker with annual output capacity near 86 million tons
• Partnership projections include more than 100,000 new U.S. jobs and a roughly $14 billion boost to the American economy
• The United Steelworkers union continues to oppose the agreement, citing concerns over job security and foreign control