Trump Clears Nippon’s U.S. Steel Acquisition Amid Long-Standing Saga
HEAVILY 30% 80% Tuesday, May 27, 2025, 11:22 am
In a dramatic twist to a saga stretching over 17 months, President Trump has effectively cleared Japan’s Nippon to finalize its acquisition of U.S. Steel. The move cements the deal as a “partnership,” adding another peculiar chapter to an already labyrinthine corporate takeover tale that has kept industry watchers both bemused and skeptical.
“It’ll be a US CEO, a US majority board," said Republican Sen. David McCormick.
President Donald Trump cleared Nippon's bid for U.S. Steel on Friday, referring to the deal as a "partnership."
The U.S. Steel saga is entering its ludicrous era, more than 17 months after the Pittsburgh-based company agreed to be acquired by Japan's Nippon Steel for around $15 billion.Why it matters: None of this is working the way it's supposed to, and the chaos has opened the door for potential…
US Set to Receive Golden Share as Part of US Steel-Nippon Deal Bloomberg.com
permalink / 4 stories from sources in 5 days ago #republicans #trump #trade #market
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