The Bridge: Nippon aims to revive U.S. Steel deal
🏗️ Nippon Steel is looking to rekindle a proposed $14.9 billion merger with U.S. Steel. Company president Tadashi Imai said yesterday he hopes to use the proposal as a starting point in new negotiations, countering claims made earlier this month by President Trump.
Nippon Steel plans to use its current merger agreement to acquire U.S. Steel as a starting point for talks with the U.S.
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Despite not securing an official meeting yet, both US Steel and Nippon Steel remain committed to their merger, a deal which both Presidents Joe Biden and Donald Trump have promised to block.
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