M&A

Nippon tries to win over US Steel union in last-ditch effort

Conclusion of review over national security concerns nears

An electric arc furnace at US Steel's Big River Steel Works.

An electric arc furnace at US Steel's Big River Steel Works. | Credits: US Steel

In a letter to US Steel workers on Monday, Nippon Steel clarified its spending plans in a last-ditch effort to gain support for its US$14.9 billion takeover of US Steel. Last week, Nippon's vice chairman...

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