US Poised to Get Golden Share in US Steel-Nippon Steel Deal (4)

The US government is poised to receive a so-called golden share in United States Steel Corp. as a condition for approving Nippon Steel Corp.’s proposed acquisition of the American company.

The plan, which would give the government de facto veto rights on certain company decisions and appointments, is part of ongoing talks between authorities and the companies, according to people familiar with the matter. On Friday, President Donald Trumpannounced a “partnership” that included $14 billion in new investments, but provided few additional details.

Still unclear are the scope of such veto powers and what the administration has decided ...