X - Facing Biden And Union Pushback Nippon Steel Steps Up Pursuit Of US Steel Deal As Vice Chairman Heads Back For Talks | Benzinga
In the face of mounting resistance from the Biden administration and the United Steelworkers (USW) union, Nippon Steel Corp (OTC:NISTY) is intensifying efforts to secure the acquisition of United States Steel Corp (NYSE:X).
What Happened: Vice Chairman Takahiro Mori of Nippon Steel is set to return to the U.S. for further discussions concerning the proposed acquisition of U.S. Steel. This move follows a previous visit in May, which underscores the company’s determination to finalize the deal despite regulatory and political hurdles, Reuters reported on Monday.
During his upcoming visit, Mori plans to engage in discussions in Washington D.C. and is open to the possibility of selling off certain assets to gain approval from U.S. ...