Nippon Steel Corporation (NPSCY)
- Reuters
Nippon Steel's Mori returns to US this week for talks on US Steel takeover
Nippon Steel's vice chairman plans to return to the United States this week for more talks over the proposed acquisition of U.S. Steel and would study selling some assets if necessary for the deal to go through. Vice Chairman Takahiro Mori's visit so soon after a May 20-26 trip highlights the efforts Nippon Steel is taking to close the purchase amid growing regulatory scrutiny and political opposition. The deal would give Nippon Steel greater access to the profitable U.S. market and further its long-term financial goals.
- Reuters
US Steel, Nippon Steel receive all non-US approvals for merger
Nippon had clinched the deal to buy U.S. Steel last December, after edging out rivals including Cleveland-Cliffs, ArcelorMittal and Nucor. The steelmakers now need to secure an approval in the U.S., where the deal is facing regulatory scrutiny and increasing political opposition including from President Joe Biden, who wants U.S. Steel to remain domestically owned. The proposed transaction is also facing opposition from the powerful United Steelworkers union over fears of job losses, and is being scrutinized by the U.S. Department of Justice.
- Reuters
Nippon Steel executive to visit U.S. to meet stakeholders of U.S. Steel deal
, TOKYO (Reuters) -Japan's Nippon Steel said on Saturday its vice chairman, Takahiro Mori, a key negotiator for its planned purchase of U.S. Steel, will travel to the United States next week to meet stakeholders as part of continued efforts to complete the deal. A spokesperson for Nippon Steel in Tokyo said Mori will visit the United States to continue dialogues with various stakeholders of the deal to gain a better understanding. U.S. Steel deferred to the Japanese counterpart for comment.
