The discussions come after President Trump said he supported what he described as an emerging agreement, that would allow Nippon Steel to invest in—but not fully own—the U.S. company.
Ancora urges U.S. Steel to delay annual meeting until after Nippon Steel acquisition deadline, citing need for clarity on the deal's future.
Nippon Steel's president reaffirms commitment to U.S. Steel acquisition, seeking Trump's approval despite his preference for investment only.
Nippon Steel's top executive said Tuesday the Japanese company will stick with its proposed $14.1 billion takeover of U.S. Steel, despite President Donald Trump backing an investment and the possibility of tariffs.
But U.S. President Joe Biden on Jan. 3 issued an order to stop the deal, saying Nippon Steel “might take action that threatens to impair the national security of the United States.”
TOKYO (Reuters) - Japanese Prime Minister Shigeru Ishiba said on Monday the decision by a United States government review board and then-President Joe Biden to block Nippon Steel's acquisition of U.S. Steel was "unjust political interference."
TOKYO (Reuters) -- Nippon Steel plans to use its current merger agreement to acquire U.S. Steel as a starting point for talks with the U.S. government, President Tadashi Imai said on Tuesday, as it aims to revive the deal.