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NIPPON STEEL ( (JP:5401) ) has shared an announcement.
Nippon Steel Corporation has announced its intention to acquire all shares of Krosaki Harima Corporation through a tender offer, aiming to make Krosaki a wholly-owned subsidiary. This move is part of Nippon Steel’s strategy to consolidate its control over Krosaki, in which it already holds a significant stake. The acquisition is subject to regulatory approvals in Japan and India, with the tender offer expected to commence by early February 2026. Krosaki’s board has expressed support for the offer, recommending shareholders to tender their shares. This acquisition is expected to strengthen Nippon Steel’s position in the market and expand its capabilities in the refractory and ceramics sectors.
The most recent analyst rating on (JP:5401) stock is a Buy with a Yen4000.00 price target. To see the full list of analyst forecasts on NIPPON STEEL stock, see the JP:5401 Stock Forecast page.
More about NIPPON STEEL
Nippon Steel Corporation operates in the steel manufacturing industry, focusing on the production of steel products and related services. The company is a major player in the global steel market, with a focus on expanding its operations and influence through strategic acquisitions.
Average Trading Volume: 6,204,588
Technical Sentiment Signal: Buy
Current Market Cap: Yen3051.4B
For a thorough assessment of 5401 stock, go to TipRanks’ Stock Analysis page.