Nippon Steel’s (5401.T) vice chairman, Takahiro Mori, is scheduled to return to the United States next week to further discuss the proposed acquisition of U.S. Steel (X.N), a company spokesperson confirmed on Wednesday.
Mori, the chief negotiator for the $15 billion takeover bid, has already made trips to the U.S. in May and June, underscoring the significance of the deal for Nippon Steel, the world’s fourth-largest steelmaker.
While U.S. Steel’s management supports the acquisition, the proposal faces opposition from the White House and the influential United Steelworkers (USW) union.
Nippon Steel did not disclose specific details about Mori’s upcoming visit. However, a source familiar with his plans, who requested anonymity, indicated that Mori will visit several states where U.S. Steel operates. During his visit, he will engage with local officials, community leaders, and workers.
In his previous visit, Mori met with U.S. Steel employees and community leaders to understand their perspectives better. Nippon Steel reported a positive response from these interactions.
