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President Trump allowed Nippon Steel to acquire U. S. Steel but only by framing it as a “partnership,” while national ...
A national security agreement gives Trump the authority to name a board member as well as a non-economic golden share.
Nippon Steel completes its purchase of U.S. Steel after more than a year and half of high-stakes negotiations and national security concerns.
Nippon Steel Corp.’s acquisition of U. S. Steel required nerves of steel, which Eiji Hashimoto, the company’s chairman and ...
HARRISBURG, Pa. (AP) — President Donald Trump will control the so-called “golden share” that's part of the national security agreement under which he allowed Japan-based Nippon Steel to buy ...
U.S. Steel’s so-called “partnership” with Nippon appears to be nearing its end after about 18 months after it was announced.
"A golden share approach is both risky and unprecedented," said Jim Secreto, a former Treasury and Commerce official.
The agreement also includes $11bn in new investments to be made by Nippon Steel by 2028. The inclusion of the 'golden share', which is commonly used in other countries but is out of place in a US ...
Under the national security agreement Nippon and US Steel signed on Friday, the “gold” share will allow the US government to block the combined company from delaying or reducing $14 billion in ...
President Donald Trump approved the merger of U.S. Steel with Japan's Nippon Steel only after the companies accepted the "golden share" arrangement.
According to Trump, “We have a golden share, which I control or the President controls. Now, I am concerned whoever the President might be, but that gives you total control.” The deal requires the ...