Nippon Steel hires Mike Pompeo to advise on US Steel deal, Kyodo reports
TOKYO - Nippon Steel Corp. has hired former U.S. Secretary of State Mike Pompeo as an adviser on its efforts to acquire "We look forward to working closely with him to make the United States' economy and security stronger," Kyodo quoted Nippon Steel as saying in a statement.
The world's No. 4 steelmaker also credited Pompeo, who served as secretary of state under Donald Trump's presidency, as being a well-respected figure among both Democrats and Republicans, according to the Kyodo report. The Japanese steelmaker did not immediately respond to a request for comment from Reuters, which was initially reported by Bloomberg. Although both steelmakers have received all regulatory approvals outside of the United States for their proposed $14.9 billion merger, they face political opposition and regulatory scrutiny from within the U.S. Nippon Steel also faces objections from the powerful United Steelworkers union over fears of job losses.Scan QR code to install app Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
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