Nippon Steel's Mori returns to US this week for talks on US Steel takeover
TOKYO - Nippon Steel's vice chairman plans to return to the United States this week for more talks over the proposed acquisition of U.S. Steel and would study selling some assets if necessary for the deal to go through.
The two steelmakers said last month that they have received all regulatory approvals outside of the United States for their proposed $14.9 billion merger, a step forward towards the completion of the controversial deal. "If the U.S. authorities tell me: you have to do this otherwise this deal can not be admitted, in that case we should study this seriously," he said.However Mori downplayed the likelihood of any asset sales saying,"I do not think this is necessary for this deal's closure."
However, a number of meeting requests by Mori to the head of the USW since their last meeting in March have not been accepted, he said. Mori believes the takeover process would likely run more smoothly after the U.S. presidential election as the deal will be no longer a political issue.
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