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Market Chatter: US Steel Buyer Nippon Steel Considering 'Golden Shares' to Advance Deal
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Market Chatter: US Steel Buyer Nippon Steel Considering 'Golden Shares' to Advance Deal
May 27, 2025 5:53 AM

08:30 AM EDT, 05/27/2025 (MT Newswires) -- US Steel's (X) potential buyer Nippon Steel is considering giving "golden shares" to the US government to advance acquisition talks, Japan's Nikkei reported Tuesday.

Golden shares grant the holder special rights, including veto power and the right to control the composition of the board of directors, according to the report.

Nippon is still considering its options and has not yet made an actual proposal, Nikkei said.

US Steel and Nippon Steel did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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