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A national security agreement gives Trump the authority to name a board member as well as a non-economic golden share.
Nippon Steel completes its purchase of U.S. Steel after more than a year and half of high-stakes negotiations and national security concerns.
According to Trump, “We have a golden share, which I control or the President controls. Now, I am concerned whoever the ...
HARRISBURG, Pa. (AP) — President Donald Trump will control the so-called “golden share” that’s part of the national security agreement under which he allowed Japan-based Nippon Steel to buy out iconic ...
United States President Donald Trump will control a ‘golden share’ under a national security agreement that allows Japanese giant Nippon Steel to acquire US Steel. We explain what the provisions ...
President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of the investment being made by Nippon Steel.
U.S. Steel's amended charter gives Trump sweeping powers over major business decisions while he is in office. The "golden share" will then be held by the Treasury and Commerce Departments after ...
Under the national security agreement Nippon and US Steel signed on Friday, the “gold” share will allow the US government to block the combined company from delaying or reducing $14 billion in ...
Tokyo-based Nippon Steel now fully owns U.S. Steel, but the federal government has a say over matters like keeping plants ...
U.S. Steel’s so-called “partnership” with Nippon appears to be nearing its end after about 18 months after it was announced.
"A golden share approach is both risky and unprecedented," said Jim Secreto, a former Treasury and Commerce official.
Shares of U.S. Steel rose 5% on Monday to hit $54.85 a share, approaching Nippon Steel's $55 per share offer price, as investors bet the Japanese firm's fraught $14.9-billion bid for the ...