Nippon Steel Initiates Talks with U.S. Commerce Department on U.S. Steel Acquisition

Reported about 7 hours ago

Nippon Steel President Tadashi Imai announced that the company will begin discussions with the U.S. Department of Commerce to revive its bid for U.S. Steel. The previous merger agreement, which was blocked by the Biden administration, will be a key point in these talks. Following President Trump's suggestion that the bid could be considered as an investment, Imai emphasized the connection between financial investments and the acquisition plans. Discussions aim to secure approval from the current U.S. government.

Source: YAHOO

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