Nippon Steel announced the acquisition of U.S. Steel, which was described at an online press conference as a transaction worth approximately ¥2 trillion. The labor union issued a statement opposing the deal.
Nippon Steel formally announced its intention to acquire U.S. steelmaker U.S. Steel, with the transaction reportedly worth approximately ¥2 trillion. At an online press conference, President Eiji Hashimoto (橋本英二) reportedly explained the rationale for the acquisition.
The labor union, meanwhile, issued a statement opposing the acquisition and referred to future negotiations and the union's response.