Nippon Metal launched an announcement Tuesday arguing that the Japanese agency’s deliberate acquisition of U.S. Metal would profit the US, after U.S. Vice President Kamala Harris expressed her opposition to the buyout plan the day gone by.
“We’re assured that Nippon Metal’s acquisition of U.S. Metal will revitalize the American metal rust belt, profit American employees, native communities, and nationwide safety in a approach no different different can,” Nippon Metal stated. “We consider {that a} truthful and goal regulatory evaluate course of will help this final result, and we look ahead to closing the transaction as quickly as potential.”
Nippon Metal stated final month that it could make a further funding of about $1.3 billion in U.S. Metal following the takeover. The Japanese agency pressured that solely it was capable of perform such a big funding, and that “U.S. Metal and all the American metal trade can be on a lot stronger footing.”
