Reported 4 months ago
Nippon Steel's Vice Chairman Takahiro Mori is set to return to the U.S. this week for further talks on the proposed acquisition of U.S. Steel, considering potential asset sales to secure the deal amidst regulatory scrutiny and political opposition, including resistance from President Biden and objections from the United Steelworkers union. The $14.9 billion merger has received international regulatory approvals, and if completed by the end of December as planned, it could boost Nippon Steel's annual business profit by over 150 billion yen, aiding the company in achieving its long-term financial goals.
Source: YAHOO