Nippon Steel is making efforts to revive its $14.1 billion takeover bid for U.S. Steel, which has faced challenges under the Biden administration. Company President Tadashi Imai stated that the firm plans to engage with U.S. federal officials to discuss the merger agreement as a basis for negotiations. Despite the difficulties, including criticism from U.S. Steel's CEO, who suggested that Nippon Steel should 'pack up and leave,' there remains a possibility for the deal to move forward. The Japanese company has not scheduled a meeting with President Donald Trump, who has previously opposed the acquisition but may have the opportunity to reconsider the bid.
Jindal Steel has raised its offer to acquire a troubled Italian steelmaker to about €4 billion, outbidding rivals from Azerbaijan, sources say https://t.co/FJ8jCnUvgu
日鉄のUSスチール買収、まだチャンスはある(WSJ日本版) https://t.co/NNNCvet0XA
The Biden administration’s rejection of Nippon Steel’s takeover bid for U.S. Steel made little sense. Trump has a chance to reverse course. https://t.co/NgEtwJunDF https://t.co/2qE79V748V