Nippon Steel's Mori to visit US again
next week for talks on US Steel takeover
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[July 03, 2024]
TOKYO (Reuters) - Nippon Steel's vice chairman plans to return to
the United States next week again to discuss its proposed acquisition of
U.S. Steel, a company spokesperson said on Wednesday.
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![](../images/070324PIX/busine93.jpg)
Takahiro Mori, executive vice president of Japan's biggest steelmaker
Nippon Steel Corp, speaks about its strategy to Reuters in an interview
in its headquarters in Tokyo, Japan November 28, 2023. REUTERS/Ritsuko
Shimizu/File Photo |
The
planned visit by Takahiro Mori, the Japanese firm's key
negotiator for the deal, follows trips to the U.S. in May and
June, highlighting the importance of the $15 billion takeover
offer to the world's No. 4 steelmaker.
U.S. Steel's management has backed the bid but the deal faces
resistance from the White House and the powerful United
Steelworkers (USW) union.
Nippon Steel declined to provide further details of Mori's next
visit. According to a source familiar with his travel plans who
declined to be identified, Mori will travel to several states
where U.S. Steel has operations and meet with local officials,
community leaders and workers.
On his last trip, Mori met with U.S. Steel employees and
community leaders to gain a better understanding of their views
and saw a positive reaction, the company said.
(Reporting by Yuka Obayashi and John Geddie; Editing by Edwina
Gibbs)
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