Nippon Steel: Osaka Steel completed share acquisition

Nippon Steel Corporation [TSE: 5401] announced the completion of Osaka Steel Co., Ltd.'s tender offer for its own shares, effective March 17, 2025. As a result, Osaka Steel will purchase 9,000,000 shares of its common stock tendered by Nippon Steel at ¥2,450 per share, totaling ¥22.05 billion. This represents 21.29% of Osaka Steel's issued shares as of January 31, 2025. The settlement is scheduled for April 10, 2025. Concluding the tender offer ends the share buyback program authorized on January 31, 2025.