Nippon Steel Holds Press Conference on U.S. Steel Acquisition; Price Approximately ¥2 Trillion; Union Issues Statement in Opposition (19 December 2023) Antigoni Buxton (4mjPSmkyjV)

Nippon Steel explained its plan to acquire US Steel at an online press conference, and the acquisition price was reported to be approximately ¥2 trillion. The labor union, however, issued a statement opposing the deal.

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The story

Nippon Steel President Eiji Hashimoto (橋本英二) explained the purpose of the US Steel acquisition at an online press conference.

The acquisition price has been reported at approximately ¥2 trillion, and explanations continued regarding the formal procedures and schedule.

The labor union issued a statement opposing the acquisition.

At a glance

TransactionNippon Steel announced that it will acquire US Steel

AmountThe acquisition price is reportedly approximately ¥2 trillion

InstitutionExplained at an online press conference

Labor unionThe labor union issued a statement opposing the deal

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