Japan’s Nippon Steel revises closing date for US Steel acquisition

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FILE PHOTO: Nippon Steel logo is displayed at the company’s headquarters in Tokyo, Japan April 1, 2024. REUTERS/Issei Kato/File Photo

26 Dec 2024 03:12PM (Updated: 26 Dec 2024 03:14PM)

TOKYO : Japan’s Nippon Steel said on Thursday it revised the closing date for its purchase of U.S. Steel, expressing confidence that the acquisition will protect and grow the American company.

The estimated closing date was revised to the first quarter of 2025 from the third or fourth quarter of 2024 previously.

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