Steel, golden share and Nippon
Digest more
32mon MSN
Nippon Steel Corp. received US approval for its $14.1 billion acquisition of United States Steel Corp., to create one of the world's largest steel companies. The deal includes a national security agreement and substantial monetary investments.
President Trump on Friday cleared the way for Japan-based Nippon Steel to potentially acquire U.S. Steel, though details about the structure of the deal — including a possible "golden share" held by the federal government — remain unclear.