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Third Point Takes ‘Meaningful’ US Steel Stake in Bet on Deal

Markets

Yiqin Shen, Yvonne Yue Li

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May 1, 2025

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Bloomberg

New York hedge fund Third Point LLC has taken a “meaningful” stake in United States Steel Corp. and expects a $14.1 billion takeover offer by Nippon Steel Corp. to go ahead, according to an investor letter.

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