A: Hey buddy! Ever heard about Nippon Steel?
B: Not really, what's up with them?
A: Well, it looks like they're buying out US Steel now!
B: Oh, cool! Did Trump approve the deal?
A: Yep! They said they got the green light and will invest around 11 billion by 2028.
B: Sounds big! But what about that golden share thingy?
A: That allows the US government to veto important decisions regarding US Steel's management. Neat, huh?
B: Wow! They're gonna make American steelmaking great again. That's what they said!
A: Yeah, and it seems like Biden changed his mind after Nippon Steel promised more investments in the U.S.
B: Interesting! Looks like Nippon Steel is going all-in on US Steel now. 😎
----------------
Officials at Nippon Steel say that they believe that the company's plan to purchase US Steel has been approved. The comments come after the two steelmakers announced that US President Donald Trump had approved their partnership.
The officials say that the company's bid to acquire 100 percent of common shares in US Steel and turn it into a wholly owned subsidiary has been given the go-ahead.
Nippon Steel and US Steel said in a joint statement released on Saturday, Japan time, that the companies have entered into a National Security Agreement with the US government.
The statement says the NSA "provides that approximately 11 billion dollars in new investments will be made by 2028."
The NSA also includes commitments related to governance, including a "golden share" to be issued to the US government, domestic production and trade matters.
The golden share allows the US government to veto important decisions related to the management of US Steel.
The companies said, "We thank President Trump and his Administration for their bold leadership and strong support for our historic partnership."
They added, "We look forward to putting our commitments into action to make American steelmaking and manufacturing great again."
Nippon Steel announced a plan to buy out US Steel about 18 months ago. But then-President Joe Biden issued an order blocking the purchase on national security grounds.
Nippon Steel's decision to implement additional investments in the US apparently led to the revision of Biden's order by Trump, paving the way for the Japanese firm to purchase its US rival.
B: Not really, what's up with them?
A: Well, it looks like they're buying out US Steel now!
B: Oh, cool! Did Trump approve the deal?
A: Yep! They said they got the green light and will invest around 11 billion by 2028.
B: Sounds big! But what about that golden share thingy?
A: That allows the US government to veto important decisions regarding US Steel's management. Neat, huh?
B: Wow! They're gonna make American steelmaking great again. That's what they said!
A: Yeah, and it seems like Biden changed his mind after Nippon Steel promised more investments in the U.S.
B: Interesting! Looks like Nippon Steel is going all-in on US Steel now. 😎
----------------
Officials at Nippon Steel say that they believe that the company's plan to purchase US Steel has been approved. The comments come after the two steelmakers announced that US President Donald Trump had approved their partnership.
The officials say that the company's bid to acquire 100 percent of common shares in US Steel and turn it into a wholly owned subsidiary has been given the go-ahead.
Nippon Steel and US Steel said in a joint statement released on Saturday, Japan time, that the companies have entered into a National Security Agreement with the US government.
The statement says the NSA "provides that approximately 11 billion dollars in new investments will be made by 2028."
The NSA also includes commitments related to governance, including a "golden share" to be issued to the US government, domestic production and trade matters.
The golden share allows the US government to veto important decisions related to the management of US Steel.
The companies said, "We thank President Trump and his Administration for their bold leadership and strong support for our historic partnership."
They added, "We look forward to putting our commitments into action to make American steelmaking and manufacturing great again."
Nippon Steel announced a plan to buy out US Steel about 18 months ago. But then-President Joe Biden issued an order blocking the purchase on national security grounds.
Nippon Steel's decision to implement additional investments in the US apparently led to the revision of Biden's order by Trump, paving the way for the Japanese firm to purchase its US rival.
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Summary
Nippon Steel's acquisition of US Steel has reportedly been approved by President Donald Trump. The deal includes a National Security Agreement with the U.S. government, promising around $11 billion in investments by 2028. A golden share will be issued to the U.S. government, allowing them to veto
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ID: 802a1fd6-5bcb-4ef1-a03b-ec0dbf054495
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20250614_08/
Date: June 14, 2025
Created: 2025/06/16 07:09
Updated: 2025/12/08 03:39
Last Read: 2025/06/16 08:02