1.   The equity stake purchases will make each company one of the five biggest shareholders in the other.

2.   The stake purchase has been approved by the U.S. Justice Department.

3.   The stake purchase is conditional on the implementation of the plans to merge with MTV, Marieberg said.

4.   The company said Daido Steel Sheet would use the capital raised by the third party allocation to fund the stake purchase in Taiyo Steel for the merger.