Nippon Steel's Mori Heads to U.S. for Crucial Talks on US Steel Acquisition Amid Regulatory Hurdles
June 3, 2024Nippon Steel Vice Chairman Takahiro Mori is returning to the U.S. this week for further talks on acquiring US Steel.
The Japanese company may consider selling assets, particularly an Alabama plant, to satisfy U.S. regulators.
Mori believes asset sales might not be necessary, referencing a prior successful takeover.
He hopes the acquisition process will be smoother post-U.S. presidential election, reducing political scrutiny.
Regulatory approvals have already been received outside the U.S., bringing the merger closer to finalization.
Summary based on 1 source
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Source
Seeking Alpha • Jun 3, 2024
Nippon Steel's Mori returns to U.S. to pitch US Steel takeover deal