United States Steel Corporation (“U. S. Steel”) and Nippon Steel Corporation (TSE: 5401) (“Nippon Steel”) announced today that they have finalized their historic partnership and completed the transaction contemplated by their merger agreement.
Together, Nippon Steel and U. S. Steel will be a world-leading steelmaker with best-in-class technologies and manufacturing capabilities. The partnership ensures that U. S. Steel will retain its iconic name and headquarters in Pittsburgh, PA, and will protect and create more than 100,000 jobs through unprecedented massive investments in US steelmaking across U. S. Steel’s footprints, including in Pennsylvania, Indiana, Arkansas, Minnesota and Alabama.
Milbank LLP served as legal counsel to U. S. Steel, with a deal team led by Global Corporate/M&A partners Bob Kennedy and Iliana Ongun with Douglas Howell; Antitrust partners Fiona Schaeffer and Richard Parker, James Weingarten and Alexander Rinne; Executive Compensation partners Mike Shah and Kelly Bartley; Tax partner Max Goodman; Leveraged Finance partner Christopher Kwan; Litigation & Arbitration partners Grant Mainland and James Cavoli; and Corporate Finance and Securities partner Rod Miller and special counsel Teresa Chen.
The team also included Global Corporate/M&A associates Victor Zhao, O’Neill Kennedy, Jacklyn Weon, Sara El Souki, Jordan Pool, Ashley Kemper, Joysheel Shrivastava, Emilie Blicher, Marc Kilani, Justice Njoku and Jana Kasakow; Executive Compensation partner Joel Krasnow and associate Joo Hyeon Lee; Global Risk & National Security partner Bijan Ganji and special counsel Lafayette Greenfield; Global Project, Energy and Infrastructure Finance partner Alec Borisoff and special counsels Timothy Fitzpatrick and Séverine Losembe; Environmental partners Matt Ahrens and Thomas Goslin; Alternative Investments partners John Williams, Catherine Leef Martin and Elizabeth Martinez; Global Project, Energy and Infrastructure Finance associate Upasana Guha Niyogi; Alternative Investments associates Chloe Wang and Jane Edwards; Leveraged Finance associates Annaliese Snodgrass, Madison Lazarek, Benjamin Mann, Harry Struss and Elizabeth Andreano; Corporate Finance and Securities associates Nicholas Kunz, Devarshi Mukhopadhyay and Christopher Puglisi; Litigation & Arbitration associates Healy Ko, Philip Flowers and Lena Bruce; Antitrust associates Candis Ferrell, Jennifer Cascone Fauver, Alix Hudon, Lauren Knoke, Sharvari Kothawade and Marlies Zeck; Tax associate Michael Rivkin; Environmental associate Allison Sloto; Transportation and Space partners John Beahn and Drew Fine, special counsel Zachary Cronin and associates Cara Cavanaugh and Darren Fernandez; and Intellectual Property special counsel John Garces.
