After a year and a half of government talks, countless regulatory hiccups and last-minute negotiations, Nippon Steel Corp. secured its much-wanted prize late last week when President Donald Trump approved the $14.

The Japanese company has already committed to heavy investment in U.S. Steel and a U.S.-controlled board of directors at the American steelmaker.

President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of the investment being made by Nippon Steel. Administration officials over the past few days provided additional insight into the “golden share” arrangement that the federal government made as a condition for supporting the partnership.

President Trump on Friday cleared the way for Japan-based Nippon Steel to potentially acquire U.S. Steel, though details about the structure of the deal — including a possible "golden share" held by the federal government — remain unclear.

The companies said they had entered into an agreement with the U.S. government to alleviate any national security concerns.

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 agreement with the U.S. government.

TOKYO] Nippon Steel on Saturday (Jun 14) touted a “historic partnership” with US Steel after US President Donald Trump approved a multi-billion-dollar merger. Read more at The Business Times.