U.S. Steel to have majority-U.S. board after Nippon deal, Sen. McCormick tells CNBC

ReutersMay 27, 2025 1:17 PM

May 27 - U.S. Steel X.N will be led by an American chief executive and have a majority-U.S. board following its acquisition by Japan’s Nippon Steel 5401.T, Senator Dave McCormick said in a CNBC interview on Tuesday.

Nippon will also grant the U.S. government a so-called golden share as part of the agreement, he added.

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