拜登反对、特朗普拍板，这笔美日交易谈了18个月

Group 1 - The acquisition of U.S. Steel by Nippon Steel, valued at $14.1 billion, is set to be completed on June 18, marking a significant milestone in overseas mergers for Japanese companies and a notable cross-border acquisition in the steel industry [1] - The acquisition price of $55 per share represents a 142% premium over U.S. Steel's stock price prior to the announcement of the sale, raising concerns among market participants regarding the valuation [1] - The Trump administration's approval of the deal, which reverses previous barriers set by the Biden administration, is seen as a move to strengthen U.S.-Japan relations and promote manufacturing investment in the U.S. [1] Group 2 - In addition to the acquisition cost, Nippon Steel has committed to invest $14 billion in the U.S. over the coming years for factory upgrades and new production lines, significantly increasing the overall cost of the merger [2] - The "golden share" mechanism allows the U.S. government to hold special rights in the merged company, impacting governance and potentially limiting Nippon Steel's operational autonomy in the U.S. [2] - There is internal dissent within Nippon Steel regarding the acquisition, with external investors expressing concerns about the long-term value and leadership decisions related to the deal [2] Group 3 - The merger will create the second-largest steel producer globally and enhance competitiveness in the U.S. market, particularly in high-end steel production for critical infrastructure upgrades [3] - The support from the Trump administration for this acquisition may revitalize stalled U.S.-Japan trade negotiations, potentially leading to progress on manufacturing and technology access issues [3]