Summary: Nippon Steel has completed its $14.1 billion acquisition of United States Steel, creating the world’s second-largest steelmaker. The deal, which faced opposition from the USW union and President Biden, was approved by President Trump after Nippon Steel agreed to invest an additional $11 billion and grant the US government a “golden share” with significant decision-making power. Despite the union’s continued opposition, the acquisition is seen as a strategic move for Nippon Steel to diversify into the US market.

Link: https://www.straitstimes.com/business/nippon-steel-closes-acquisition-of-us-steel-to-end-18-month-saga