U.S. Steel, Trump and golden share
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WASHINGTON (AP) — President Donald Trump on Friday signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national security agreement ” submitted by the federal government. Trump’s order didn’t detail the terms of the national security agreement.
WASHINGTON -- The U.S. will have "a golden share" in U.S. Steel following its acquisition by Japan's Nippon Steel, President Donald Trump said on Thursday, stressing the arrangement will give the government management control over the American steelmaker.
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Free Malaysia Today on MSNTrump signs off on Nippon Steel’s US$14.9b takeover of US Steel after security review, but details on ‘golden share’ remain unclearCompanies fulfill Trump’s requirements for deal Agreement includes US$11 billion (RM46 billion) in new investments Nippon Steel says it will take 100 per cent stake in