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Steel rolls see before the US president performs during the rally in the United States – Irvin works in the Pittsburgh suburb of Western Mythlin, Pennsylvania, May 30, 2025.
Saul Lob | AFP | Gets the image
On Wednesday, the US -rally stopped trading on the New York Stock Exchange after the Japanese Nippon Steel completed the acquisition of a landmark American industrial name.
President Donald Trump has insisted for a few weeks that the companies would create a “partnership” in which the United States will remain American.
But on Wednesday, New York Stock Exchange reported the Securities and Exchange Commission that the US shares were removed from the list after the company became a subsidiary of Nippon Steel North North North.
The US Stel’s US shares stopped trading at 8:30 am on Wednesday after Nippon completed the acquisition, NYSE said. According to NYSE.
Trump opposed the Nippon’s application to acquire US steel in the 2024 president, but he changed his mind after taking office. Trump has ordered a new review of the transaction in April after former President Joe Biden blocked Nippon’s acquisition in January, citing national security problems.
Trump announced a “partnership” between us and Nippon on May 23 on his social media platform, the truth of social, causing confusion among investors and union members regarding whether the structure of the initial transaction has changed.
The US and Nippon began to accept the “partnership” language, although they never retreated from the terms of the initial confluence of December 2023 in the SEC application. The American steel will continue to work under its name, although it will be a subsidiary of Nippon.
A golden lobe
Trump has forced us and Nippon to sign a national security agreement with the US government as a condition for cleaning the deal.
The US president will have a “golden share” in accordance with the terms of the agreement. American steel said on Wednesday that the golden share gives the president a veto itself for the following decisions:
- Changing the US name became either the movements of the Kokvatter from Pittsburgh
- Moving us became outside the US
- Move production or jobs outside the US
- Some solutions regarding closing or single
- Reduction of capital investment under the National Security Agreement.
- Material acquisitions of competing businesses in the US
Most of the Board of the Council became the CEO and the US CEO, according to the terms of the National Security Agreement. Nippon also agreed that the US steel would remain in the US
The Nippon is $ 11 billion in the US by 2028, including $ 1 billion in the initial Greenfield project, which will be completed after 2028, according to the agreement.
