Japan PM Contender Hayashi Holds Out Hope for Nippon Steel Deal [Yahoo! Finance Canada]
TOKYO ELECTRON UNSP/ADR (TOELY)
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Source: Yahoo! Finance Canada
mutually beneficial way for both companies in comments following news that US President Joe Biden intends to block the deal. Most Read from Bloomberg “We really hope that even in this political year, both sides will agree with mutual benefit,” said Japan's chief government spokesman and ruling party leadership contender Yoshimasa Hayashi in an interview with Bloomberg. “It's still going on and we don't know the result yet.” While Hayashi declined to comment further on the deal, his remark indicates that the upper echelons of Prime Minister Fumio Kishida's administration are still not resigned to the deal failing. Japanese government officials have repeatedly said the deal is a matter for the private companies to decide. Digital Transformation Minister Kono Taro, another candidate hoping to replace Kishida as premier, broke ranks Thursday saying that government intervention in the deal would be inappropriate. The proposed deal has been subject to a review by the Committee on
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- 10/9/24 - Sanford C. Bernstein