Nippon Steel: Acquiring an Iconic American Steelmaker
商品編號：W39259
出版日期：2024/04/12
再版日期：
商品來源：
商品主題：General Management/Strategy; International Business
商品類型：Case (Pub Mat)
涵蓋議題：cross-border acquisitions
難易度：4 - Undergraduate/MBA
內容長度：19 頁
地域：United States
產業：Manufacturing
事件年度：2024
In December 2023, Nippon Steel Corporation, Japan’s largest steel production company, announced plans to acquire United States Steel Corporation (U. S. Steel) for US$14.1 billion. Just four years earlier, the company experienced a ￥430 billion deficit for its 2019 fiscal year. After the appointment of a new president in 2019, however, Nippon Steel successfully achieved a V-shaped recovery, rescuing it from the verge of bankruptcy. Immediately after the recovery, the president was already aiming for further global expansion. The proposed acquisition—the attempt of a Japanese steelmaker to acquire an iconic 123-year-old American steelmaker— drew immediate attention from various US sectors and stirred emotion among key stakeholders. But for Nippon Steel, was now the right time, financially speaking, to invest as much as US$14.1 billion in an acquisition? As domestic demand for steel was decreasing due to Japan’s declining birthrate and aging population, Nippon Steel needed to expand its business operations globally before it was too late.
教學手冊：Nippon Steel: Acquiring an Iconic American Steelmaker - Teaching Note
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