Stockholders of U.S. Steel approve Nippon merger

By Justin Vellucci

Trib Total Media

Environmental activist and entrepreneur Qiyam Ansari isn’t excited that U.S. Steel is making him money. He bought $300 worth of the Pittsburgh-based steel giant’s stock at about $15 a share in 2019. By the time U.S. Steel announced Friday that 98% of voting shareholders approved a $14.9 billion merger deal with Japan’s Nippon Steel, Ansari’s $300 stock investment had nearly tripled in value.

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