E-Tools

Nippon Steel vows to complete buyout of US firm NHK

Nippon Steel's president reiterated that the company will continue to seek the understanding of the US side to close the deal to buy US Steel.

President Imai Tadashi said at a news conference on Thursday that the plan has become a bigger issue than he initially thought.
But he stressed that he will continue trying to ease concerns among Americans and complete the acquisition.

Imai said that "If the US side correctly evaluates our goal for the acquisition, public sentiment in the US will align with our thinking. We are doing our best to convince American citizens."

Nippon Steel announced in December that it had agreed to make US Steel a wholly owned subsidiary.
Last month, US Steel shareholders also approved the takeover bid by the Japanese rival.

But labor unions in the industry are against the buyout. US President Joe Biden and former President Donald Trump are also opposed.

.
Summary
Nippon Steel president, Imai Tadashi, emphasizes continued efforts to acquire US Steel despite increasing concerns. He seeks understanding from the U.S. side and aims to align public sentiment with their acquisition goal. The deal was agreed upon in December, and US Steel shareholders approved the
Statistics

151

Words

1

Read Count
Details

ID: 5d871b43-55ec-4efa-9151-834cb79cec0c

Category ID: nhk

URL: https://www3.nhk.or.jp/nhkworld/en/news/20240509_30/

Date: May 9, 2024

Created: 2024/05/10 07:00

Updated: 2025/12/08 14:15

Last Read: 2024/05/10 16:34