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Nippon Steel's Chair Hopes For 'Calmer Discussion' After 2024 Election As $14.9B US Steel Deal Faces Political Resistance

Benzinga

What Happened: During the company’s annual results announcement, Chair Takahiro Mori acknowledged the political controversy surrounding the deal but confirmed that no additional concessions to the steelworkers’ unions are currently in the pipeline, Financial Times reported on Thursday.

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Experts Think Trump's Threat To Block Nippon-US Steel Deal Could Have Bigger Consequences For Japan: 'We Thought We're Completely Aligned Countries'

Benzinga

Donald Trump’ s recent announcement to impede Nippon Steel’s (OTC: NPSCY ) proposed acquisition of United States Steel (NYSE: X ) could have significant implications for Japan. The potential failure of the $15 billion deal may prompt Japanese companies to adopt a more cautious approach to future acquisitions in strategic sectors.

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