U.S. Steel Shares Surge as Trump Approves Nippon Takeover with Golden Share
TL;DR Summary
Nippon Steel's shares rose after U.S. President Trump approved its $14.9 billion bid for U.S. Steel, clearing a major hurdle in the acquisition that aims to expand Nippon Steel's U.S. market access and increase production capacity, with the deal including significant investments and governance commitments.
- Nippon Steel shares rise after Trump approves $14.9 billion US Steel bid Reuters
- ‘Golden Share’ in U.S. Steel Gives Trump Extraordinary Control The New York Times
- US Steel deal embodies golden age of Trump meddling Financial Times
- U.S. Steel shares rally as Trump approves Nippon takeover with unique government 'golden share' CNBC
- Trump administration offers some details of how it would control US Steel, but union raises concerns ABC News
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