21
Dec
10:27
Nippon Steel aims to delist trading subsidiary
Nippon Steel Corporation (NSC) plans to make Nippon Steel Trading (NST) a consolidated subsidiary and delist its shares by conducting a tender offer and squeeze-out of minor shareholders, Kallanish notes.
NSC, as the tender offeror, holds 35.14% of NST, which is listed on the prime market of the Tokyo Stock Exchange. Mitsui & Co is another major shareholder with 20% of shares, and the remaining 44.92% of NST is listed publicly.
The pu…
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Anonymous
Very good overview of the weekly steel market.
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