Source: CNBC
“President Donald Trump issued an executive order on Friday approving U.S. Steel’s merger with Japan’s Nippon Steel, after the companies signed a national security [sic] agreement with the U.S. government. U.S. Steel and Nippon said the national security agreement will give the U.S. government a ‘golden share’ and makes certain commitments related to governance, domestic production, and trade. The companies did not elaborate on what powers the U.S. government will wield with its golden share. … Trump said Thursday that the golden share gives the president ‘total control’ without elaborating. Pennsylvania Sen. Dave McCormick told CNBC last month that the golden share will effectively allow the government to control a number of board seats.” (06/13/25)
https://www.cnbc.com/2025/06/13/trump-us-steel-nippon-deal.html