Budzinski Wants Nippon to Invest in Granite City IL Mill

Budzinski wants Nippon to invest in Granite City IL mill

Government Control & US Steel (Editorial)

The Trump administration’s recent approval of Nippon Steel’s takeover of U.S. Steel includes a provision that gives the U.S. government unusual control over a private company. As part of the deal, now valued at almost $29 billion, Japan’s Nippon Steel agreed to give the U.S. government a “golden share” in U.S. Steel, of Pittsburgh. The acquisition, though President Donald Trump has preferred to label it a “partnership” or “investment,” is of par…

U.S. Steel deal: Nikki Budzinski, steelworkers demand investment in Illinois plant

“Our message moving forward is real simple,” a union official said. “Invest in this mill. Invest in Granite City, Illinois.”

Budzinski visits Granite City, calls for clarity in Nippon Steel deal

GRANITE CITY, Ill. - Illinois U.S. Rep. Nikki Budzinski met with United Steelworkers on Saturday afternoon in Granite City to discuss a deal between President Trump and Nippon Steel. The meeting was held at the Tri-Cities Labor Temple. The primary focus of the event was to raise concerns about transparency and local input in the deal. According to the Associated Press, the deal was finalized on Wednesday for nearly $15 billion and would bring $1…

Budzinski announces $485,477 in funding for central, southern Illinois rural small businesses

The Rural Energy for America Program grants will help local businesses install solar arrays Congresswoman Nikki Budzinski (IL-13) recently announced that three small businesses in central and southern Illinois will receive a combined $485,477 in Rural Energy for America Program (REAP) grant funding from the U.S. Department of Agriculture. Quality Pontiac in Alton, The Cubby Hole of Carlinville and Riggs Beer Company in Urbana, will use these fun…

Third Point, Pentwater score big arb gains in US Steel-Nippon merger

Hedge funds including Third Point and Pentwater Capital have secured major gains after US Steel’s $14.1bn sale to Japan’s Nippon Steel completed, bringing to a close one of the most politically charged and volatile merger arbitrage stories in recent years, according tp a report by Bloomberg. After an 18-month saga marked by union opposition, two US administrations, and national security reviews, the deal’s successful closure rewarded funds that …