BBCNEWS Asia July 3, 2024
Forjapan, the merger represents a major opportunity to link up operations around the world, in an industry where bigger is better. But diplomatically, its a sensitive issue because a takeover of the american steelmaker crosses over into Election Year politics for president joe biden. Thats according to corporate lawyer nick wall, from allen overy in tokyo. He is in a difficult position here. The pressure of the union on one side and the strongest ally in the region and a strong supporter of us industry on the other side. He is in a difficult position. Us steel shareholders vote on friday now e...