Nippon Steel and U.S. Steel announced on June 18 that they had finalized their nearly $15 billion acquisition deal. As a result, shares of the U.S. steel giant stopped trading on the New York Stock Exchange.
A notice confirmed that the New York Stock Exchange (NYSE) informed the Securities and Exchange Commission that the U.S. steelmaker’s shares would be delisted following the completion of Nippon Steel’s acquisition.
The stock, which debuted on the NYSE in 1901, ceased trading at 8:25 a.m. ET on June 18.
In a joint statement, the companies announced that Nippon Steel closed its $14.9 billion acquisition of the struggling U.S. steelmaker….