Japanese iron merger deal has additional conditions, Trump administration expected to obtain "golden share" of American steel industry.

The US government is expected to obtain a "golden share" right from US steel companies, one of the conditions set by the authorities for approving Japan Steel's acquisition of the steel company. According to sources, this arrangement will give the US government the effective power to veto specific decisions of the company. Last Friday, Trump announced a "cooperative relationship" between Japan Steel and US Steel, including $14 billion in new investments in the US. It is still unclear the specific scope of this veto power, and it is also unclear if the government has made a decision on the $14.1 billion acquisition deal. Two sources revealed that the transaction proposed to the Committee on Foreign Investment in the United States and the president includes an initial all-cash acquisition price of $55 per share, as well as an additional $14 billion investment.