Nippon Steel amends Krosaki Harima tender offer, includes U.S. investors

Nippon Steel Corporation announced a partial amendment to its planned tender offer for Krosaki Harima Corporation, initially disclosed on August 1, 2025. The tender offer was previously slated to commence by early February 2026, contingent on the completion of necessary procedures under Japanese, Indian, and other foreign competition and investment laws.

Originally, the tender offer was not to be conducted in or into the United States or made available to U.S. persons, unless it complied with applicable U.S. laws. However, after further review with legal advice since August 1, 2025, Nippon Steel confirmed its ability to comply with U.S. laws and regulations. Consequently, the company has reversed its policy and will now conduct the tender offer in the United States, allowing U.S. persons to tender shares of Krosaki Harima Corporation.

Further details regarding the tender offer, including the final price and period, will be disclosed in a press release when the offer commences. The company stated it would promptly announce if conditions precedent are met, the tender offer begins, or if the expected timing changes.