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Teneo is handling Nippon Steel Corp. as it acquires United States Steel Corp. for $14.9B as part of its strategy to add steel-making capacity in “districts and areas where demand is promisingly expected to grow.”
The transaction follows NSC’s acquisitions in India and Thailand as it seeks to achieve its goal of producing 100M tons of steel per year. With USS, NSC’s capacity hits the 86M mark.
NSC president Eiji Hashimoto said his company “has long admired USS with deep respect for its advanced technologies, rich history and talented workforce." His company is committed to honoring all agreements with USS’ existing union contracts.
NSC’s $55 per share offer represents a 40 percent premium over USS’ Dec. 15 closing stock price. The transaction is expected to close in the second or third quarter of 2024.
Robert Mead, Teneo Americas chairman, heads the NSC team that includes senior managing directors Monika Driscoll and Tucker Elcock.
Joele Frank, Wilkinson Brimmer Katcher’s Kelly Sullivan and Ed Trissel represent USS.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
Trailrunner International is handling Axum Capital Partners’ move to acquire a controlling interest in BARCODE, a performance hydration brand, in partnership with NBA All-Star Victor Wembanyama.
