US EditionTrump Gets 'Golden Share' Power in US Steel Buyout. US Agencies Will Get It Under Future Presidents
- Nippon Steel completed its $14 billion acquisition of U.S. Steel on June 18, transforming it into a wholly owned subsidiary and ceasing U.S. Steel's NYSE trading.
- President Trump approved the merger on June 13 through a national security agreement granting him a 'golden share' with veto power over key company decisions during his term.
- The golden share allows Trump to control decisions on U.S. Steel's name, headquarters, facility closures, and production shifts, while future presidents' powers revert to Treasury and Commerce Departments.
- U.S. Steel stock surged 5.10% with over 14 million shares traded before suspension, and Nippon Steel committed $11 billion to upgrade U.S. facilities, including $1 billion for a greenfield plant.
- Local groups express concern over health impacts and pollution, urging accountability as the integration progresses, reflecting ongoing community and environmental uncertainties post-merger.
108 Articles
108 Articles
Nippon/US Steel Merger Means Big Things in Store for JeffCo, Surrounding Area, Commission President Says - BirminghamWatch
Jefferson County Commission President Jimmie Stephens in the June 26, 2025, meeting. (Photo by Solomon Crenshaw Jr.) Jimmie Stephens used his closing statement at Thursday’s meeting of the Jefferson County Commission to talk about a monumental business deal with national implications, including in Alabama. “Nippon Steel and U.S. Steel have merged, and Nippon Steel has become a very significant shareholder in U.S. Steel,” the commission president…
Trump's controlling stake in U.S. steel is indefensible socialist nonsense
U.S. Steel isn't just getting nationalized. It's getting…personalized? President Donald Trump will personally control the so-called "golden share" that his administration has forced U.S. Steel to accept as part of the terms of a deal that will see the previously private company get acquired by Japan-based Nippon Steel. It's an utterly absurd arrangement—one that will leave the federal government with a controlling share of U.S. Steel even after …
Nippon Steel says it rebuffed Trump’s attempt to ‘call the shots’ | The Asahi Shimbun Asia & Japan Watch
Nippon Steel Corp. overrode resistance from U.S. President Donald Trump and turned U.S. Steel into a wholly owned subsidiary, the Japanese company’s chief executive said.
Trump Gets 'Golden Share' In $14 Billion US Steel Deal, But Control Shifts To Federal Agencies Under Future Presidents - Nippon Steel (OTC:NPSCY), United States Steel Corp. Com (NYSE:X)
US Steel Corp. completed its acquisition by Japan's Nippon Steel Corp., with President Donald Trump securing unprecedented "golden share".
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