Why Trump's ‘Golden Share' in US Steel May Lack Some Luster
The US government could receive a so-called golden share — or powers akin to it — in United States Steel Corp. as a condition for approving a $14 billion takeover by Japan's Nippon Steel Corp.
If the acquisition moves forward, Washington could have de facto veto power over certain company decisions, people familiar with the matter told Bloomberg News. The details are still being hashed out, marking the latest twist in a proposed deal that's been in limbo for almost a year and a half.
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