US Steel’s shares said it all about its takeover by Japan’s Nippon Steel: the $15bn deal never truly stood a chance. At no point since the transaction was announced in December has the stock got near the $55-a-share offer price. Wednesday’s news that President Joe Biden will block the deal dashed any lingering hopes that money might beat politics. Not in a swing state in an election year.
美国钢铁(US Steel)的股价说明了其被日本制铁(Nippon Steel)收购的一切：这笔价值150亿美元的交易从来就没有真正的机会。自12月宣布交易以来，其股价从未接近每股55美元的收购价。周三，美国总统乔•拜登(Joe Biden)将阻止该交易的消息使金钱战胜政治的希望破灭。这类收购不可能在大选年的摇摆州发生。
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