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Nippon Steel (OTCPK:NPSCY) will send a top executive to the United States next week to meet key stakeholders as the Japanese steelmaker looks to complete its ~$15B acquisition of US Steel (NYSE:X), a spokesperson from the company said Saturday, according to Reuters.
Takahiro Mori, Nippon Steel’s (OTCPK:NISTF) vice chairman and a key negotiator for the deal, is expected to visit the U.S. to continue discussions with various stakeholder groups and get a better understanding of the transaction, the spokesperson added.
She didn’t provide additional details on the visit, including whom Mori expects to meet. US Steel (X) declined to comment.
Mori’s visit comes as the Tokyo-based company attempts to counter U.S. pushback against its all-cash bid amid acquisition interest from other steelmakers, including Cleveland-Cliffs (CLF) and ArcelorMittal (MT).
While Nippon Steel offered $55 per share for US Steel (X) in December, bids from Cleveland-Cliffs (CLF) and ArcelorMittal (OTCPK:AMSYF) reportedly exceeded $40 apiece.