U.S. Steel, Trump and Nippon
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President Donald Trump issued an executive order on Friday officially giving the green light to Nippon Steel Corporation's multi-billion-dollar purchase of U.S. Steel Corporation.
Trump claimed that as part of a "golden share" ownership stake in U.S. Steel, Americans will own 51% of the company, but what that meant is unclear.
President Trump signs executive order allowing U.S. Steel partnership with Japan's Nippon Steel, with an $11 billion investment commitment.
U.S. President Donald Trump on Thursday said the United States has a "golden share" in U.S. Steel, as part of a deal for Nippon Steel to buy the iconic American company. It was not immediately clear what structural element of the deal Trump was referring to,