Dec 18 (Reuters) - Japan's Nippon Steel's (5401.T) $14.9-billion acquisition of U.S. Steel (X.N), finalized at auction on Monday, is the culmination of multiple bids by a range of suitors for the 122-year-old company, once the largest corporation in the world.

Several quarters of falling revenue and profit made the Pittsburgh-based firm, which was also the first company ever to be valued at more than $1 billion, an attractive takeover target for rivals looking to add a maker of steel used by the automobile industry.

Here's a timeline of recent events leading up to the deal between Japan's largest steelmaker and the company whose steel was used to build iconic structures such as the United Nations building in New York City and the New Orleans Superdome.

Sources: Reuters reports, company records

https://www.reuters.com/markets/deals/road-nippons-149-billion-acquisition-us-steel-2023-12-18/