By Kelly Cloonan

U.S. Steel will remain based in the U.S. through a planned partnership with Nippon Steel, according to a post to Truth Social from President Trump shortly before market close on Friday. The partnership would create at least 70,000 jobs and involves a $14 billion investment in the U.S., the post said. Trump's announcement comes after years of deal talks between the two steel companies and after Nippon Steel roughly doubled its spending plans in recent days amid a negotiation process kickstarted earlier this week. Shares rise 4.1% to $54.14 in after-hours trading.

Informatica is back in deal talks with Salesforce, which is looking to take over the data-management software firm, according to people familiar with the matter. A transaction could be finalized as soon as next week, though talks could fall apart yet again or another bidder could emerge, the people said. Last year, Salesforce discussed a deal to buy the company that would have valued it at around $10 billion, but the talks fell apart after the companies couldn't agree on terms. Informatica shares rise 7.1% to $24.16 in postmarket trading, while Salesforce shares remain flat.

Lake Shore Bancorp, the holding company for Lake Shore Savings Bank, announced on Friday an offering of up to 5.8 million shares of its common stock, subject to increase to up to 6.61 million shares, at $10 apiece. The offering is in connection with a proposed conversion of Lake Shore, MHC from a mutual holding company to a stock holding company, and as part of the conversion, the bank will convert its charter to a New York commercial bank and will be renamed Lake Shore Bank, the company said. The shares will be offered to depositors of the bank and to its employee stock ownership plan, the company said. Shares fall 10% to $13.85 in after-hours trading.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

May 23, 2025 18:45 ET (22:45 GMT)

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