U.S. Steel Shareholders Approve $14B Sale to Nippon Steel, Raising Concerns for Workers and U.S. Interests

• U.S. Steel shareholders overwhelmingly approved $14.1B sale to Nippon Steel of Japan (98% voted in favor)

• Deal has raised concerns about impact on unionized workers, supply chains, U.S. national security

• President Biden opposes deal, wants to "maintain strong American steel companies powered by American steelworkers"

• Japanese Prime Minister Kishida hopes discussions will be positive for both sides

• United Steelworkers union, representing U.S. Steel workers, did not comment on shareholder vote