thejapantimes, 2 days ago to business

Nippon Steel Corp. is stepping up efforts to win over U.S. workers and politicians for its $14.1 billion takeover of United States Steel Corp. despite stiff opposition from union leaders and the Biden administration. https://www.japantimes.co.jp/business/2024/05/18/companies/nippon-steel-us-steel-workers-politicians/ #business #companies #us #donaldtrump #joebiden #nipponsteel #ussteel #unions #2024uspresidentialelection #acquisitions #steel

thejapantimes, 3 days ago to business

Toshiba’s privatization had been expected to lay the groundwork for sweeping changes, and the company duly made them this week in the form of mass job cuts and a new strategy. https://www.japantimes.co.jp/business/2024/05/17/companies/toshiba-restructuring-layoffs/ #business #companies #toshiba #jobs #acquisitions #jip

thejapantimes, 3 days ago to business

Toshiba said on Thursday it will cut up to 4,000 jobs domestically as the industrial conglomerate accelerates its restructuring under new ownership. https://www.japantimes.co.jp/business/2024/05/16/companies/toshiba-job-cuts/ #business #companies #toshiba #jobs #acquisitions #jip

thejapantimes, 10 days ago to business

Japan's Nippon Steel is sticking to its plan to finalize its $15 billion acquisition of U.S. Steel by year-end, despite political resistance. https://www.japantimes.co.jp/business/2024/05/09/companies/nippon-steel-deal-plan/ #business #companies #nipponsteel #ussteel #steel #acquisitions #takahiromori

thejapantimes, 11 days ago to business

SoftBank Group is reportedly in talks to acquire Graphcore, a struggling British semiconductor startup once valued $2.8 billion (¥435.9 billion), according to people familiar with the matter. https://www.japantimes.co.jp/business/2024/05/09/companies/softbank-graphcore-acquisition/ #business #companies #softbank #graphcore #investments #acquisitions #ai #startups #chipmakers

thejapantimes, 16 days ago to business

The intensifying scrutiny of Nippon Steel's bid to acquire U.S. Steel has called attention to the secretive interagency panel that could be the ultimate arbiter of the merger. https://www.japantimes.co.jp/business/2024/05/04/companies/us-nippon-steel-secret-panel/ #business #companies #nipponsteel #ussteel #acquisitions #us #steel #steelmaker

thejapantimes, 17 days ago to business

Nippon Steel postponed acquiring United States Steel until December from an initially planned September date due to a U.S. review of the deal. https://www.japantimes.co.jp/business/2024/05/03/companies/nippon-steel-us-steel-delay/ #business #companies #nipponsteel #ussteel #acquisitions #us #steel #steelmaker

thejapantimes, 20 days ago to business

Elliott Management buying up a sizable stake in Sumitomo is the latest in a string of Japanese deals for the firm, and reflects the growing influence of activist investors in the country. https://www.japantimes.co.jp/business/2024/04/30/companies/japan-shareholder-activism/ #business #companies #elliottmanagement #investments #sumitomo #stocks #acquisitions

thejapantimes, 1 month ago to business

Japan’s largest listed life insurer has a dilemma — its traditional investment strategies aren’t working. https://www.japantimes.co.jp/business/2024/04/18/dai-ichi-life-investment-strategy/ #business #daiichilife #investments #mergers #acquisitions #bonds #jgbs

thejapantimes, 1 month ago to business

U.S. Steel shareholders have approved its proposed $14.9 billion acquisition by Japan's Nippon Steel, taking the merger one step closer to completion even as political opposition to the deal mounts. https://www.japantimes.co.jp/business/2024/04/13/companies/nippon-steel-us-steel-shareholders/ #business #companies #us #joebiden #nipponsteel #ussteel #acquisitions #usjapanrelations

thejapantimes, 1 month ago to business

Some Japanese officials privately say that despite high hurdles, Nippon Steel can still save the fraught $15 billion acquisition of U.S. Steel. https://www.japantimes.co.jp/business/2024/04/05/companies/nippon-steel-deal-analysis/ #business #companies #nipponsteel #ussteel #acquisitions #usjapanrelations #us

thejapantimes, 1 month ago to business

Nippon Steel’s acquisition of United States Steel would strengthen economic security ties between the U.S. and Japan and help counter China’s dominance in steel-making, according to a senior Japanese ruling party lawmaker. https://www.japantimes.co.jp/business/2024/04/02/economy/japan-ex-minister-on-nippon-steel/ #business #economy #akiraamari #nipponsteel #acquisitions #unitedstatessteel

thejapantimes, 1 month ago to business

Japanese banks have become less reluctant to finance hostile acquisitions following the government's issuance of new takeover guidelines that shook off the taboo on such deals, the country's new banking lobby chief said. https://www.japantimes.co.jp/business/2024/04/01/companies/japan-banks-hostile-acquisitions/ #business #companies #banks #acquisitions

thejapantimes, 1 month ago to business

A group representing major automakers on Friday urged the White House to oppose any effort by steelmaker Cleveland-Cliffs to buy rival U.S. Steel, warning that a deal could result in anti-competitive pricing for vehicles. https://www.japantimes.co.jp/business/2024/03/30/companies/us-steel-cleveland-cliffs-automakers/ #business #companies #usjapanrelations #nipponsteel #ussteel #joebiden #us #acquisitions #manufacturing #steel #clevelandcliffs #automakers

thejapantimes, 1 month ago to business

Private equity-related dealmaking in Japan jumped last year, as low interest rates and an ample supply of targets helped make the country the only market in the Asia-Pacific region to see growth. https://www.japantimes.co.jp/business/2024/03/25/markets/japan-private-equity/ #business #markets #investments #acquisitions #toshiba #fujitsu #japaneseeconomy

thejapantimes, 2 months ago to business

Japan’s Nidec and private equity firm KPS Capital Partners are competing to acquire Siemens AG’s Innomotics large motors business, which makes heavy-duty electric motors used in ships and mining equipment and could fetch about ¥483.6 billion in a sale. https://www.japantimes.co.jp/business/2024/03/12/companies/nidec-kps-bid-for-siemens/ #business #companies #nidec #kpscapitalpartners #acquisitions #siemens

thejapantimes, 2 months ago to business

A senior Nippon Steel executive will meet the United Steelworkers union chief this month to seek support for acquiring U.S. Steel in the hopes of finalizing the deal by the end of September. https://www.japantimes.co.jp/business/2024/03/05/companies/nippon-steel-exe-meeting-us-union/ #business #companies #nipponsteel #steel #acquisitions #ussteel #unions

thejapantimes, 2 months ago to business

J-Power lodged a multimillion dollar bid for Australian renewable energy firm Genex Power, as Japan's appetite for overseas acquisitions rapidly grows. https://www.japantimes.co.jp/business/2024/03/04/companies/j-power-bid-for-australian-genex/ #business #companies #jpower #genexpower #australia #acquisitions

thejapantimes, 2 months ago to business

Asahi is on the hunt for acquisition targets in the United States and elsewhere to quadruple overseas sales of its flagship Super Dry beer by 2030. https://www.japantimes.co.jp/business/2024/02/26/companies/asahi-beer-overseas-ma/ #business #companies #asahi #beer #drinking #us #investments #mergers #acquisitions

thejapantimes, 2 months ago to business

The volume of Japan-linked mergers and acquisitions has grown 43% so far this year to ¥10.1 trillion, data shows, even amid the weak yen and as the volume of deals in the Asia-Pacific region excluding Japan fell to the lowest in almost a decade. https://www.japantimes.co.jp/business/2024/02/22/companies/japan-dealmaking/ #business #companies #investments #mergers #acquisitions #renesas #sekisui

thejapantimes, 3 months ago to business

Japanese chipmaker Renesas Electronics said it has agreed to buy Australian-listed electronics design firm Altium for $5.9 billion in an all-cash deal. https://www.japantimes.co.jp/business/2024/02/15/companies/renesas-buys-altium/ #business #companies #renesas #altium #chipmakers #acquisitions

thejapantimes, 3 months ago to business

A potential sale of United States Steel to a Japanese rival has been hailed by many industry insiders — but politicians in Washington seem eager thwart the $14.1 billion deal. https://www.japantimes.co.jp/business/2024/02/04/companies/american-steel-buyers-welcome-nippon/?utm_content=buffer81ebf&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #nipponsteel #unitedstatessteel #steel #acquisitions

thejapantimes, 3 months ago to business

Nippon Steel made an aggressive all-cash offer for United States Steel that propelled the Japanese company into the lead in the final hours of a bidding war for the iconic American steelmaker. https://www.japantimes.co.jp/business/2024/01/25/companies/nippon-us-steel-deal/?utm_content=buffer7dc9c&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #nipponsteel #unitedstatessteel #acquisitions

thejapantimes, 3 months ago to business

Sony has sent a letter to Zee to terminate the proposed merger of their operations in India, citing unmet conditions of the deal as the reason. https://www.japantimes.co.jp/business/2024/01/22/companies/sony-calls-off-india-merger/?utm_content=bufferd210c&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #india #sony #zeeentertainment #mergers #acquisitions #media #stocks

thejapantimes, 3 months ago to business

More and more large companies have gone private through management buyouts in Japan amid increasing pressure from investors. https://www.japantimes.co.jp/business/2024/01/21/companies/japan-mbos-increase/?utm_content=buffer51527&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #stocks #acquisitions #tse #taishopharmaceutical #toshiba