Nippon Steel Defends Its U.S. Steel Bid after Harris' Opposition
Tokyo, Sept. 3 (Jiji Press)--Nippon Steel Corp. released a statement Tuesday arguing that the Japanese firm's planned acquisition of United States Steel Corp. would benefit the United States, after U.S. Vice President Kamala Harris expressed her opposition to the buyout plan the previous day.
"We're confident that Nippon Steel's acquisition of U.S. Steel will revitalize the American steel rust belt, benefit American workers, local communities, and national security in a way no other alternative can," Nippon Steel said. "We believe that a fair and objective regulatory review process will support this outcome, and we look forward to closing the transaction as soon as possible."
(2024/09/03-18:09)
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