Trump approves US Steel Nippon merger
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U.S. President Donald Trump said on Thursday the United States had a "golden share" in U.S. Steel as part of a deal for Nippon Steel to buy the iconic American company.
The move will also prevent Nippon Steel from transferring production or jobs outside the U.S. without consent of the U.S. president.
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Free Malaysia Today on MSNTrump signs off on Nippon Steel’s US$14.9b takeover of US Steel after security review, but details on ‘golden share’ remain unclearCompanies fulfill Trump’s requirements for deal Agreement includes US$11 billion (RM46 billion) in new investments Nippon Steel says it will take 100 per cent stake in