Nippon Steel Says It Could Issue Equity to Fund US Takeover
Nippon Steel Corp. could issue equity to fund its $14.1 billion purchase of United States Steel Corp. and associated investment promises, the company's vice chairman said on Thursday.
'We aren't ruling out equity to fund the investment in US Steel,' Takahiro Mori told reporters in Tokyo. He added that the company would seek to avoid options that could dilute existing shareholders, but gave no further details.
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