Sanyo Special Steel revises Nippon Steel tender offer details

Sanyo Special Steel has announced an amendment to its previously released statement regarding Nippon Steel Corporation's tender offer for its shares. The revision comes after Sanyo Special Steel decided to eliminate its year-end dividend for the fiscal year ending March 31, 2025, contingent upon the successful completion of the tender offer. The company will also abolish its shareholder benefits program, effective March 31, 2025. The original announcement was made on January 31, 2025, with further details on the tender offer available in Nippon Steel's related filings. Sanyo Special Steel's board of directors supports the tender offer, advising shareholders to tender their shares.