TOKYO, July 20 (Reuters) - Nippon Steel Corp. ( NISTF )
has hired former U.S. Secretary of State Mike Pompeo as an
adviser on its efforts to acquire US Steel, Kyodo news agency
reported on Saturday.
"We look forward to working closely with him to make the
United States' economy and security stronger," Kyodo quoted
Nippon Steel ( NISTF ) as saying in a statement.
The world's No. 4 steelmaker also credited Pompeo, who
served as secretary of state under Donald Trump's presidency, as
being a well-respected figure among both Democrats and
Republicans, according to the Kyodo report.
The Japanese steelmaker did not immediately respond to a
request for comment from Reuters, which was initially reported
by Bloomberg.
Although both steelmakers have received all regulatory
approvals outside of the United States for their proposed $14.9
billion merger, they face political opposition and regulatory
scrutiny from within the U.S.
Nippon Steel ( NISTF ) also faces objections from the powerful United
Steelworkers (USW) union over fears of job losses.
Both Republican nominee Trump and President Joe Biden have
said they would block the deal.