Reported about 18 hours ago
Nippon Steel Corp. is weighing the option of a capital increase to fund its $14.1 billion acquisition of United States Steel Corp., as confirmed by its vice chairman Takahiro Mori. While the company seeks to avoid diluting existing investors' shares, it acknowledges the significant capital requirements for the deal, which was finally approved by the White House after 18 months of waiting. Nippon Steel aims to retain management control despite conditions from U.S. authorities and sees the acquisition as pivotal for its global expansion amidst domestic market challenges.
Source: YAHOO