"Golden Share" to Help U.S. Steel Keep Its Name, Lutnick Says
Washington, June 14 (Jiji Press)--The "golden share" to be held by the U.S. government in United States Steel Corp. will prevent the company from relocating its headquarters from Pittsburgh, Pennsylvania, and changing its name without the consent of the U.S. president, U.S. Commerce Secretary Howard Lutnick said Saturday.
Tokyo-based Nippon Steel Corp. plans to acquire all common shares in U.S. Steel while issuing a golden share in the U.S. company to the U.S. government.
(2025/06/15-15:17)
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BUSINESS
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