US EditionNippon Steel Closes Its $14.1 Billion Acquisition of US Steel
UNITED STATES, JUN 18 – The $14.9 billion deal includes a national security agreement granting the U.S. government veto power and an $11 billion investment commitment through 2028, securing over 100,000 jobs.
- Nippon Steel finalized its $14.9 billion acquisition of U.S. Steel on Wednesday, retaining U.S. Steel's name and Pittsburgh headquarters.
- The deal faced delays and opposition, including a January 2025 block by outgoing President Biden citing national security concerns and supply chain risks.
- The Trump administration reopened a 45-day national security review in April, leading to an agreement granting the U.S. government veto power via a 'golden share' over key corporate decisions.
- President Trump described the acquisition as a "partnership" and praised improvements for workers, with Nippon pledging $11 billion in new investments over three years and control yielded to the U.S. government.
- This acquisition creates one of the world's largest steelmakers and preserves over 100,000 jobs while granting the U.S. government unusual oversight to protect American steel interests.
209 Articles
209 Articles
Congresswoman Budzinski and United Steelworkers Demand a Voice for Granite City in Trump-Nippon Deal
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After a year and a half of political wrangling and a series of lawsuits, the American government has finally given the green light today: the Japanese company Nippon Steel is allowed to take over US Steel. "America needs this cooperation to become stronger in the steel industry again," said Eiji Hashimoto, CEO of Nippon Steel, during a press conference. The takeover of almost 14 billion dollars does come with a striking condition: the American p…
Nippon says deal done to acquire US Steel
HARRISBURG, Pa. — Nippon Steel and U.S. Steel said Wednesday they finalized their "historic partnership," a deal that gives the U.S. government a say in some matters and comes a year-and-a-half after the Japanese company first proposed its nearly $15…
Nippon Steel closes US Steel acquisition, grants 'golden share' to US government
After 18 months of negotiations, Japan’s top steelmaker, Nippon Steel, completed its $14.9 billion acquisition of US Steel. On Thursday, CEO Eiji Hashimoto confirmed that the company granted the US government an unusual "golden share", giving it more say in strategic issues. Also in this edition, the latest data showing France's economy is lagging behind its European neighbours and potentially the biggest sale in US sports team history.
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