But diplomatically, its a sensitive issue because a takeover of the american steelmaker crosses over into Election Year politics for president joe biden. Thats according to corporate lawyer nick wall, from allen overy in tokyo. He is ina he is in a difficult position here. The pressure of the union on one side and the strongest ally in the region and a strong supporter of us industry on the other side. Supporter of us industry on the otherside. He supporter of us industry on the other side other side. He is in a difficult other side. He is in a difficult position. Other side. He is in a difficult position. Us| difficult position. Us shareholders vote on friday now expected to approve the deal, thatis expected to approve the deal, that is the first step in the process i understand. What are the different hurdles that the deal will have to go through for it to happen . It deal will have to go through for it to happen . It happens on friday and for it to happen . It happens on friday and
Forjapan, the merger represents a major opportunity to link up operations around the world, in an industry where bigger is better. But diplomatically, its a sensitive issue because a takeover of the american steelmaker crosses over into Election Year politics for president joe biden. Thats according to corporate lawyer nick wall, from allen overy in tokyo. He is in a difficult position here. The pressure of the union on one side and the strongest ally in the region and a strong supporter of us industry on the other side. He is in a difficult position. Us steel shareholders vote on friday now expected to approve the deal, that is the first step in the process i understand. What are the different hurdles that the deal will have to go through for it to happen . It happens on friday and people expect it to go through. The threshold is not high so that should go through. There are regulatory steps and there are two main aspects of that. First is antitrust. Given that japan steel does not ha