Still unclear are the scope of such veto powers and what the administration has decided regarding the existing US$14.1bil merger agreement. — Reuters
NEW YORK: The US government is poised to receive a so-called golden share in United States Steel Corp as a condition for approving Nippon Steel Corp’s proposed acquisition of the American company.
The plan, which would give the government de facto veto rights on certain company decisions, is part of ongoing talks between authorities and the companies, according to people familiar with the matter.
