By Kaori Kaneko, Kantaro Komiya and Alexandra Alper TOKYO/WASHINGTON (Reuters) -The U.S. government will have veto power over key decisions relating to U.S. Steel, as part of a deal with Nippon Steel that would approve the Japanese firm's bid for the well-known American steel company,

The so-called “golden share” in US Steel would grant the US federal government a de facto veto over key decisions. The post Trump Administration Claims ‘Golden Share’ Rights in US Steel-Nippon Tieup appeared first on The Daily Upside.

The plan, which would give the government de facto veto rights on certain company decisions, is part of ongoing talks between authorities and the companies.