Nippon Steel’s vice chairman plans to return to the United States next week to discuss its proposed acquisition of U.S. Steel, a company spokesperson said on Wednesday.
The visit by Takahiro Mori, the Japanese firm’s chief negotiator for the deal, follows trips to the U.S. in May and June, emphasizing the importance of the $15 billion takeover offer to the world’s fourth-largest steelmaker. While U.S. Steel’s management supports the bid, the deal faces opposition from the White House and the powerful United Steelworkers (USW) union.
Nippon Steel declined to provide further details of Mori’s upcoming visit. However, a source familiar with his travel plans, who declined to be identified, indicated that Mori will visit several states where U.S. Steel operates and will meet with local officials, community leaders, and workers.
During his last trip, Mori met with U.S. Steel employees and community leaders to understand their perspectives and received a positive response, according to the company.