Nippon Steel's $14.9 billion acquisition of US Steel closed after an 18-month journey filled with political hurdles. The deal grants President Trump the ability to appoint a board member and includes a golden share, which gives the U.S. government veto power over critical decisions such as location of the headquarters, production capacity, and job relocation. This unusual arrangement, designed to appease national security concerns, could deter foreign investors from engaging with U.S. companies, according to national security lawyers. The acquisition is expected to boost investments significantly into US Steel through 2028.
Nippon Steel's acquisition of US Steel highlights the intersection of foreign investment and national security, giving unprecedented power to President Trump over corporate decisions.
The controversial golden share arrangement enables the US government to have a veto on crucial operational moves by Nippon Steel after their acquisition of US Steel.
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