Washington — The U.S. government has approved Nippon Steel’s $14.9 billion acquisition of U.S. Steel, under a security agreement granting Washington a “golden share”, a special veto right over major decisions including plant closures, board changes, or relocation.
The deal requires U.S. Steel to remain headquartered in Pittsburgh, retain American leadership, and commit to at least $11 billion in U.S. investments through 2028. The agreement aims to protect U.S. industrial and national security interests.
Labor unions have raised concerns over transparency, though officials say the pact protects jobs and supply chains.
Final closure of the deal is expected in the coming weeks.
