The sources said that the Japanese Nippon is expected to close the US steel acquisition at $ 55 per share.

It is expected that Nippon Still in Japan is expected to be acquired Steel USA For $ 55 per share, she was informed of the CNBC’s order David Faber.

President Donald Trump Nipon’s offer to us, SteerOn Friday, referring to the deal as a “partnership”. Trump said Nippon will invest 14 billion dollars over the next 14 months. The president said the United States headquarters will remain in Pittsburg.

US steel shares rose by more than 1 % on Tuesday. USS Steel $ 55 bid is originally made by Nippon before the company’s prohibition in January.

President Joe Biden prohibited Nippon’s presentation to the United States on national security, on the pretext that the deal will put critical supply chains. But Trump ordered a new review of the proposed acquisition in April, despite his previous opposition to Nepon, who gained the American steel.

United StelWorks Union Nippon attempt to get American steel. On Friday, USW David McCall said that the union “cannot speculate on the influence of” Trump Declaration “without further information.

“We are still concerned that Nippon, a foreign company that has a long busy record and proven to violate our commercial laws, will erode the ability of the local steel industry and offer thousands of good jobs,” Motor said in a statement.

Trump told correspondents on Sunday that the deal is “an investment, it is partial ownership, but it will be controlled by the United States.” Senator Pennsylvania, Dave McC Corc Cormaker, told Tuesday that the American steel will have the American CEO and will be the majority of the members of the Board of Directors from the United States.

“It is a national security agreement that will be signed with the US government,” McCremik told CNBC. “There will be a golden share mainly that requires the US government’s approval of a number of members of the Board of Directors, which will allow the United States to ensure that production levels are not reduced.”

McCromic said that the $ 14 billion, which Nippon will invest, includes 2.4 billion dollars, will go to US operations at Mon Valley outside Pittsburgh. The Senator said that the deal will provide 10,000 jobs in Pennsylvania and add 10,000 other jobs in construction trading to add another arch.

When asked about what Nippon gets from the deal, McCurmek said that the Japanese steel maker “will definitely have members of the Board of Directors and this will be part of the company’s general structure.”

“They wanted an opportunity to reach the United States market – and this allowed them to do so and get the economic benefit of that,” said McCurkk. “They negotiated it, their suggestion was.”

Trump said on Friday that he would carry a gathering in the United States in Pittsburgh on May 30.