Nippon Steel executive to visit U.S. to meet stakeholders of U.S. Steel deal
, TOKYO -Japan's Nippon Steel said on Saturday its vice chairman, Takahiro Mori, a key negotiator for its planned purchase of U.S. Steel, will travel to the United States next week to meet stakeholders as part of continued efforts to complete the deal.
To win support from the USW, Nippon Steel has pledged to move its U.S. headquarters to Pittsburgh, Pennsylvania, where U.S. Steel is based, offering commitments on job security and additional investments if the deal goes through. The Japanese steelmaker expects to close the deal in the second half of 2024, compared with its prior deadline of the second to third quarter, after the U.S. Department of Justice sought more details and materials in an antitrust review. The European Commission has already approved the deal.
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