Japanese steelmaker Nippon Steel plans to raise 14.1 billion dollars in share financing to acquire U.S. Steel. Trump approves the deal with additional "golden share" conditions.

The vice chairman of Japan Steel Corporation said on Thursday that the company may provide funding for the acquisition of a US steel company and related investment commitments through a $14.1 billion stock issuance. Takahiro Mori, vice chairman of Japan Steel, said, "We do not rule out providing funding for the investment in the US steel company through equity financing." He added that the company will seek to avoid diluting existing shareholder rights, but did not disclose more details. The Japanese company received approval from the White House for its acquisition over the weekend, with President Trump confirming his support for the deal, contingent on concessions from the Japanese side including providing so-called "Golden Shares" to the US government. Initially, expectations of growth in the new market pushed Japan Steel's stock price up, but concerns about potential dilution of shareholders' rights have been a factor in lowering its stock price for most of this week. In early trading in Tokyo, the company's stock rose by 2.6%, after falling for two consecutive days. The Japanese government also welcomed the deal, saying it will help improve the investment environment and strengthen US-Japan relations.