Wed, 18 Jun 2025

Wed, 18 Jun 2025 Japan's Nippon seals controversial US Steel deal after Trump pact

Nippon agreed to give a "golden share" to the US government to win approval of the takeover.
Nippon Steel completes $14.9bn takeover of US Steel, creating one of world's largest steelmakers Deal creates major player in US market and secures 124-year-old US Steel's future Nippon agrees to invest $11bn in US Steel by 2028 and grant US government "golden share" control US government will have say over key decisions including job transfers, production closures, and factory idling Deal ensures US Steel's headquarters remains in Pittsburgh, Pennsylvania, with majority of board and top management positions held by US citizens Trump gives green light to deal after concessions from Nippon, reversing initial opposition due to national security concerns
  >>