Japanese steelmaker has promised to invest $11bn in American rival by 2028
Plus, Lars Windhorst faces another company collapse and Luca de Meo jumps from Renault to lead a luxury giant
Nippon Steel’s $15bn deal for US Steel reflects a version of capitalism that does not fully serve the interests of shareholders
US official indicates the measure would be used sparingly in future cross-border takeovers
Trump’s golden share gives the White House influence in non-economic Nippon Steel decisions
The Trump White House has not been shy about inserting itself into private enterprise and picking winners and losers
US government to hold golden share to assuage concerns over control
President opposed Japanese company’s deal on the campaign trail but is now touting the ‘partnership’
US president escalates global trade war two days after a court ruled against the legality of his levies
Apparent U-turn from president revives Japanese company’s deal after it was blocked by Joe Biden
Top 100 companies either estimate a big hit to profits or say extreme uncertainty hinders efforts to predict impact
Japanese suitor also promises to add thousands of jobs in bid to win over Trump
David Burritt will have to provide a vision of how the company can thrive on its own if a Nippon Steel deal does not materialise
Potential approach comes weeks after Joe Biden blocked Nippon Steel’s proposed $15bn takeover
Plus, European companies should prepare for activists and US banks confront whether they can underwrite blacklisted companies in Hong Kong
Plus, Nippon sues the US over blocked steel deal and the pressure is on for new investment banker hires to deliver
Eiji Hashimoto says legal action against blocking of takeover aimed at winning another review under new administration
Donald Trump calls for American steel group to remain independent company
The company faces a bleak outlook after President Biden blocks its $15bn sale to Nippon Steel
Companies threaten legal action in response to outgoing president’s decision
Would-be acquirers prepare for era where big is no longer bad, but foreign still might be
President set to kill Nippon Steel’s bid in one of his final acts in office
President has already voiced opposition to Japanese company’s takeover plan
Washington will soon rule on tie-up that will have sweeping implications for America’s rustbelt
Lack of consensus at Cfius makes it more likely Joe Biden will block the deal
