From Yahoo Finance: 2025-06-16 12:03:00

Shares of U.S. Steel rose 5% as Nippon Steel’s $14.9 billion bid nears completion. The Trump administration approved the merger, with a “golden share” giving the American people a 51% stake in U.S. Steel. Commerce Secretary Howard Lutnick confirmed the share’s terms to prevent job loss or plant closures without consent.

The “golden share” in Nippon Steel’s acquisition of U.S. Steel will prevent the companies from reducing investments, moving production or closing plants without approval. A single Class G preferred stock will confer President Trump’s consent. Nippon Steel also pledged American majority board members and core U.S. managers.

Nippon Steel’s proposed acquisition of U.S. Steel includes a “golden share” to protect U.S. interests. The share will prevent job loss, plant closures, or production changes without President Trump’s approval. Nippon Steel also pledged American board members and core U.S. managers to ensure U.S. control.



Read more at Yahoo Finance: U.S. Steel shares rise after golden share details unveiled