Nippon Steel's Mori to visit US again next week for talks on US Steel takeover

Takahiro Mori , executive vice president of Japan's Nippon Steel Corp speaks to Reuters in an interview in its headquarters in TokyoTOKYO - Nippon Steel 's vice chairman plans to return to the United States next week again to discuss its proposed acquisition of U.S. Steel , a company spokesperson said on Wednesday.

The planned visit by Takahiro Mori, the Japanese firm's key negotiator for the deal, follows trips to the U.S. in May and June, highlighting the importance of the $15 billion takeover offer to the world's No. 4 steelmaker. U.S. Steel's management has backed the bid but the deal faces resistance from the White House and the powerful United Steelworkers union.

Nippon Steel declined to provide further details of Mori's next visit. According to a source familiar with his travel plans who declined to be identified, Mori will travel to several states where U.S. Steel has operations and meet with local officials, community leaders and workers.On his last trip, Mori met with U.S. Steel employees and community leaders to gain a better understanding of their views and saw a positive reaction, the company said.

China's e-commerce giant JD.com is said to be doubling down on its budget shopping platform Jingxi in its latest move to win consumers in the "sink" market, made up mostly of small towns where shoppers have limited spending power, amid fierce competition with rivals such as PDD Holdings. Borrowing a page from PDD's playbook, JD.

Source: News Formal (newsformal.com)

Takahiro Mori U.S. Steel United Steelworkers Company Spokesperson

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US Steel CEO Is ‘Extremely Confident’ Nippon Deal Will Close in 2024US Steel Corp. boss David Burritt is convinced Nippon Steel’s $14.1 billion takeover will proceed this year despite stiff opposition from union leaders and the Biden administration.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

NDP response to cancer, healthcare inadequate: Kelowna BC United membersB.C. United recently released its ‘United to Fix Healthcare Patient Bill of Rights'
Source: TerraceStandard - 🏆 24. / 68 Read more »

Halifax shipyard tests steel-cutting methods as first new destroyer expected by 2035HALIFAX — The Irving shipyard is testing methods to cut steel for Canada's new destroyers, though the navy says it will be about a decade before the first vessel joins military operations.
Source: sudburydotcom - 🏆 6. / 89 Read more »

Halifax shipyard tests steel-cutting methods as first new destroyer expected by 2035HALIFAX — The Irving shipyard is testing methods to cut steel for Canada's new destroyers, though the navy says it will be about a decade before the first vessel joins military operations.
Source: timescolonist - 🏆 15. / 75 Read more »

Halifax shipyard tests steel-cutting methods as first new destroyer expected by 2035HALIFAX — The Irving shipyard is testing methods to cut steel for Canada's new destroyers, though the navy says it will be about a decade before the first vessel joins military operations.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »

Halifax shipyard tests steel-cutting methods as first new destroyer expected by 2035HALIFAX — The Irving shipyard is testing methods to cut steel for Canada's new destroyers, though the navy says it will be about a decade before the first vessel joins military operations.
Source: SooToday - 🏆 8. / 85 Read more »