Overview

• Nippon Steel paid $55 per share to acquire all U.S. Steel stock, completing the $14.9 billion takeover on June 18.
• The acquisition includes a 'golden share' that gives the U.S. government veto authority over decisions such as plant closures, headquarters relocations and production transfers.
• Nippon Steel committed $11 billion in investments into U.S. Steel facilities by 2028, including funding for a new mill to expand capacity.
• The merged company becomes the world’s second-largest steelmaker, boosting Nippon Steel’s annual crude steel capacity to 86 million tonnes.
• The United Steelworkers union has voiced ongoing concerns about job security and foreign control despite the government’s oversight role.