Japan's largest steelmaker buying US Steel for nearly $15 billion...1-3 inches of snow expected through Tuesday morning...Steelers release practice squad player after domestic dispute, arrest

Major economic news this morning involving the acquisition of US Steel. NewsRadio KDKA's Pat Septak has the story: Japan's largest steelmaker - Nippon [NIP-on] Steel - announced this morning that it is planning to acquire U.S. Steel for 55 dollars per share, for a total of nearly 15-billion dollars. As part of the deal, U.S. Steel will retain its name and headquarters in Pittsburgh. The deal will also honor collective bargaining agreements with the United Steelworkers Union. Reacting to the news on the Big K Morning Show, State Representative Josh Kail said he could see this coming, and he described the deal as remarkable: The acquisition is expected to close in the second or third quarter of 2024. The two companies are holding a joint conference call this hour. Live from the newsroom, Pat Septak, NewsRadio KDKA. Japan's largest steelmaker buying US Steel for nearly $15 billion...1-3 inches of snow expected through Tuesday morning...Steelers release practice squad player after domestic dispute, arrest