Tag - acquisitions

 
 

ACQUISITIONS

Some prominent private equity-related dealmakings in Japan in 2023 include the ¥2.1 trillion ($14 billion) takeover of Toshiba.
BUSINESS / Markets
Mar 25, 2024
Japan private equity deals jump in otherwise gloomy year for Asia
Japan’s momentum is expected to continue into 2024 as companies face pressure to improve shareholder value.
White House National Security Council spokesman John Kirby speaks during a press briefing at the White House in Washington on Friday.
BUSINESS / Companies
Mar 16, 2024
Top Biden official says stance on U.S. Steel deal doesn't hurt U.S.-Japan ties
U.S. National Security Council spokesman John Kirby said Biden's opposition to the U.S. Steel deal "doesn't take away one thing" from the relationship.
A U.S. flag flies near the United States Steel Clairton Coke Works facility in Clairton, Pennsylvania, on Friday.
BUSINESS / Companies
Mar 16, 2024
U.S. Steel says Nippon Steel deal expected to close later this year
The filing with exchanges comes at a time when the Japanese firm's $14.9 billion deal to buy the 122-year-old U.S. steelmaker faces heightened scrutiny.
U.S. President Joe Biden said Thursday that United States Steel should be domestically owned, coming out against Nippon Steel's plan to acquire the company as support from labor unions is becoming more significant for his re-election bid.
BUSINESS / Companies
Mar 15, 2024
Nippon Steel determined to complete U.S. Steel deal
The firm has promised no layoffs or plant closures until at least September 2026.
The Biden administration has regularly sent warnings about Nippon Steel's proposed purchase of U.S. Steel and has steadfastly sided with the United Steelworkers over the sale of a once-iconic firm based in Pennsylvania, a crucial swing state.
BUSINESS / Companies
Mar 14, 2024
Biden to express concern over Nippon Steel's deal for U.S. Steel, source says
U.S. officials and lawyers have drafted a statement of concern and the White House has privately informed Tokyo of Biden's move, according to reports.
Mitsuya Kishida, incoming CEO of Nidec (left), and Shigenobu Nagamori, chairman and CEO, during a news conference at the company's headquarters in Kyoto on Feb. 14.
BUSINESS / Companies
Mar 12, 2024
Japan's Nidec, U.S. private equity firm KPS vie for Siemens’ motors unit
The Innomotics unit makes heavy-duty electric motors used in ships and mining equipment, and could fetch about ¥483.6 billion in a sale.
Nikon's acquisition of RED, a favorite in Hollywood, promises to propel the Japanese firm into the world of cinema.
BUSINESS / Companies
Mar 8, 2024
Nikon to buy U.S. cinema camera maker RED
The acquisition of RED, a favorite in Hollywood, promises to propel the Japanese firm into the world of cinema.
Nippon Steel Executive Vice President Takahiro Mori, who is set to meet the United Steelworkers (USW) union chief this month, says the Japanese steel producer plans to uphold all of the current agreements between the union and U.S. Steel.
BUSINESS / Companies
Mar 5, 2024
Nippon Steel exec to meet USW head to seek support for U.S. Steel deal
Winning the union's backing is a priority for the Japanese steel producer because then the acquisition will be "no longer a political issue."
J-Power is making a AU$380.9 million bid for Australian renewable energy firm Genex Power.
BUSINESS / Companies
Mar 4, 2024
J-Power makes bid for Australian renewables firm Genex
The move comes as part of the Japanese company's efforts to boost its renewable energy assets.
Asahi Group Holdings chief executive Atsushi Katsuki
BUSINESS / Companies
Feb 26, 2024
Asahi eyes overseas acquisitions to quadruple sales of Super Dry beer
Spurred on by the need to seek growth outside of the shrinking home market, Japanese firms went on an overseas buying spree worth ¥8.1 trillion last year.
Nippon Steel's Kashima plant seen from a park in Kamisu, Ibaraki Prefecture. Scrutiny over Nippon Steel’s China holdings threatens to add another complication to its politically contentious deal to acquire United States Steel.
BUSINESS / Companies
Feb 23, 2024
Nippon Steel’s China assets could derail United States Steel deal
Regulators may look unfavorably on whether the acquisition of U.S. Steel could allow more access to U.S. markets for Chinese-sourced steel.
The volume of mergers and acquisitions linked to Japan has grown 43% so far this year.
BUSINESS / Companies
Feb 22, 2024
Japan sees dealmaking boom as mergers and acquisitions rise 43%
A strong stock market is giving companies more scope for acquisitions at a time when the government and investors are pressuring firms to bolster growth.
Renesas Electronics will buy software firm Altium in the biggest acquisition yet of an Australian-listed company by a Japanese buyer.
BUSINESS / Companies
Feb 15, 2024
Japan chipmaker Renesas to buy software company Altium for $5.9 billion
The move marks the biggest acquisition yet of an Australia-listed company by a Japanese buyer.
An Asiana Airlines passenger aircraft lands at Kansai International Airport in Osaka, Japan, on Dec. 20, 2023.
BUSINESS / Companies
Feb 14, 2024
Korean Air wins EU’s approval for $1.4 billion Asiana deal
Korean Air is expected to be ranked as one of the world’s top 10 airlines once the deal is completed.
While in recent years Donald Trump is better known for his trade war with China, the former president has a long history of Japan-bashing and should be taken at his word on the U.S. Steel purchase by Nippon Steel.
COMMENTARY / Japan
Feb 9, 2024
Trump is wrong to oppose Nippon Steel deal
"I would block it instantaneously. Absolutely,” Trump said of Nippon Steel’s bid, and he should be taken seriously and literally.
A fight over Benefit One is the latest in a growing number of takeover deals in Japan, spurred in part by the Tokyo Stock Exchange pushing for improved corporate governance.
BUSINESS / Companies
Feb 8, 2024
Dai-ichi Life gets Pasona's nod on Benefit One acquisition
The agreement with Pasona Group, which owns 51.16% of Benefit One, is crucial for Dai-ichi to win the battle against digital health care provider M3.
Nippon Steel is on track to finalize its planned $15 billion acquisition of U.S. Steel by the end of September, an executive has said.
BUSINESS / Companies
Feb 7, 2024
Nippon Steel says on track to close U.S. Steel deal by September
The deal by the world's No.4 steelmaker to buy U.S. Steel has drawn criticism from some in the United States.
The United States Steel Clairton Coke Works in Clairton, Pennsylvania, in December
BUSINESS / Companies
Feb 4, 2024
American steel buyers hail Nippon deal that scares Washington
Both Democratic Senators from U.S. Steel’s home state of Pennsylvania want the deal killed, citing fears that union jobs would be impacted.
SoftBank CEO Masayoshi Son is a longtime investor in WeWork, sticking with the company throughout its many ups and downs.
BUSINESS / Companies
Feb 2, 2024
SoftBank swoops in to rescue WeWork Japan
The development comes just four months after the troubled coworking business — once valued at $47 billion — filed for bankruptcy in the U.S.
Republican presidential candidate and former U.S. President Donald Trump holds a campaign rally ahead of the Republican caucus in Las Vegas on Saturday.
BUSINESS / Companies
Feb 1, 2024
Trump says he'd block Nippon-U.S. Steel deal, dubbing it 'terrible'
The former U.S. president aims to win over blue-collar union voters who could play a key role in states like Pennsylvania, where U.S. Steel is based.

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