Overview
- Journalists report that Washington could hold a so-called ‘golden share’ in U.S. Steel, granting it veto power over key management decisions.
- Nippon Steel’s $14.9 billion bid has faced two national security reviews by the Committee on Foreign Investment in the United States.
- President Donald Trump signaled support for the acquisition, asserting that the U.S. would retain control through a partnership arrangement.
- Nippon Steel declined to comment on the golden share proposal and the White House was unavailable for comment.
- Shares of Nippon Steel and U.S. Steel jumped after Trump’s endorsement, though details on oversight and cost allocations remain unresolved.