Nippon Metal and U.S. Metal despatched a letter on Sunday to U.S. President Joe Biden about their deliberate $15 billion merger after media reported that he was making ready to dam the deal, a spokesperson for the Japanese steelmaker stated.
The spokesperson didn’t present particulars concerning the letter’s content material, however stated it was signed by Nippon Metal Chief Govt Eiji Hashimoto and U.S. Metal CEO David Burritt in addition to different executives.
U.S. Metal didn’t instantly reply to a request for remark outdoors of U.S. enterprise hours. The U.S. embassy in Japan didn’t instantly have remark.
