Overview

• Nippon Steel finalized its 18-month acquisition of U.S. Steel for $55 per share in a transaction valued at $14.9 billion, creating the world’s second-largest steelmaker.
• The golden share grants President Trump veto authority over plant closures, headquarters relocation, offshoring of jobs and major corporate decisions.
• Under the national security agreement, Nippon Steel has committed $11 billion in U.S. Steel investments through 2028, including $1 billion earmarked for a new domestic mill.
• The merger overcame initial opposition from Presidents Biden and Trump and secured regulatory clearance after a revised Committee on Foreign Investment in the U.S. review.
• The United Steelworkers union remains critical of foreign control and continues to monitor commitments over job security and benefits.