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A trio of big law firms have been guiding a giant M&A deal announced this month: Nippon Steel's $14.1 billion acquisition of U.S. Steel. Ropes & Gray advised Nippon Steel, Japan's largest steelmaker, while Milbank and Wachtell, Lipton, Rosen & Katz advised U.S. Steel. Nippon has announced that it expects its total annual crude steel capacity to reach 86 million tonnes as a result of the acquisition, accelerating progress toward the company’s strategic goal of 100 million tonnes annually. The transaction, which is facing opposition from union members and lawmakers from Pennsylvania and Ohio, is expected to close in the second or third quarter of 2024.
Legal Services - Large Law
December 18, 2023, 3:49 PM