U.S. Senator David McCormick addressed the ongoing negotiations between Japan-based Nippon Steel and U.S. Steel during an appearance on CNBC, outlining key terms aimed at facilitating a nearly $15 billion bid that has faced significant scrutiny over national security concerns.
McCormick emphasized that any arrangement will guarantee an American CEO, a board comprising a majority of U.S. members, and U.S. government oversight on several corporate operations.
These developments follow recent comments from President Donald Trump, who suggested that a partnership agreement was close and conveyed that U.S. Steel would remain under the control of American interests.
Trump assured reporters that the company would be
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