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Corporate Event

Formation of U.S. Steel

Also Known As Creation of U.S. Steel
Mergers and Acquisitions

The 1901 merger, organized by financier J.P. Morgan, of Carnegie Steel, Federal Steel and National Steel into U.S. Steel, briefly making it the world's first billion dollar corporation. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/

Facts
Event Type
Merger 1
Event Year
1901 1
Connections

Associated With

Andrew Carnegie, Founders, Executives and Management Thinkers

Carnegie sold his steel company into this 1901 merger.

Source Wikipedia, United States Steel
Carnegie Steel Company, Companies and Brands

Carnegie Steel was merged into U.S. Steel by this 1901 transaction.

Source Wikipedia, United States Steel
Finance, Practice Disciplines

The 1901 financing and assembly of United States Steel from Carnegie Steel and other producers by J.P. Morgan, forming the first billion-dollar corporation, is a foundational finance-practice case study in large-scale merger financing.

Source Wikipedia, United States Steel
J.P. Morgan, Founders, Executives and Management Thinkers

Morgan organized and financed the consolidation of Carnegie Steel with other firms into United States Steel.

Source Wikipedia, J.P. Morgan
Steel Industry, Industries
Source Wikipedia, United States Steel
U.S. Steel, Companies and Brands

The corporation this 1901 merger created.

Source Wikipedia, United States Steel

Companies Involved

U.S. Steel, Companies and Brands
Source Wikipedia, United States Steel
Sources
1. Wikipedia, United States Steel
Wikipedia
  • lead section, infobox
    J.P. Morgan organized the creation through the merger of Carnegie Steel Company, Federal Steel, and National Steel Company.
  • Lead section
    In 1901, J. P. Morgan created U.S. Steel by merging Carnegie Steel Company, Federal Steel, and National Steel for $492 million.
  • Associated With: Carnegie Steel Company, History section
    In 1901, J. P. Morgan created U.S. Steel by merging Carnegie Steel Company, Federal Steel, and National Steel for $492 million.
  • Associated With: U.S. Steel, History section
    In 1901, J. P. Morgan created U.S. Steel by merging Carnegie Steel Company, Federal Steel, and National Steel for $492 million.
  • Associated With: Andrew Carnegie, History section
    In 1901, J. P. Morgan created U.S. Steel by merging Carnegie Steel Company, Federal Steel, and National Steel for $492 million.
  • Associated With: Finance
  • Companies Involved: U.S. Steel
View the Source
Wikipedia, Carnegie Steel Company
WikipediaSale to U.S. Steel section
Quote, Sale to U.S. Steel section
The Carnegie Steel Company was sold in 1901 to U.S. Steel, a newly formed organization set up by J. P. Morgan. It sold at roughly $492 million, of which $226 million went to Carnegie himself.
View the Source
Wikipedia, J.P. Morgan
WikipediaAssociated With: J.P. MorganView the Source
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