Reported 1 day ago
Nippon Steel's proposal to acquire U.S. Steel is reportedly gaining support in steelmaking regions of the U.S., according to company President Tadashi Imai. Despite opposition from President Biden and the United Steelworkers union, local officials have urged Biden to approve the $15 billion deal, highlighting its economic benefits for the communities involved. Nippon Steel has committed to addressing national security concerns and ensuring job security in U.S. facilities as part of its acquisition strategy.
Source: YAHOO