Large capital expenditures would be possible only if the Japanese company could invest in equity, Nippon Steel’s chief operating officer said.

🏗️ Nippon Steel is looking to rekindle a proposed $14.9 billion merger with U.S. Steel. Company president Tadashi Imai said yesterday he hopes to use the proposal as a starting point in new negotiations, countering claims made earlier this month by President Trump.

Nippon Steel plans to meet with federal officials to work out a solution to the U.S. Steel takeover, and will use the existing merger agreement as a starting point in negotiations. The Japanese steelmaker’s chief operating officer,

Union alleges the company "initiated a coordinated attack, attempting to ... undercut our collective power by turning us against each other.”

Ancora urges U.S. Steel to delay annual meeting until after Nippon Steel acquisition deadline, citing need for clarity on the deal's future.