United States Steel shares are jumping in premarket trading Monday, as the Pittsburgh-based company’s takeover by Japan’s Nippon Steel looks set to close following the deal's approval by President Donald Trump.

The companies said they had entered into an agreement with the U.S. government to alleviate any national security concerns.

Even before the political complications that have hampered Nippon Steel’s U.S. gambit, the offer price looked steep. At $55 a share, Nippon Steel will pay a 142% premium to the level U.S. Steel was trading at before it effectively put itself up for sale in 2023.

The first concern will be financing, necessary to fund both the all-cash acquisition and the promised investments, which range from upgrades to existing plants to a new steel mill

The partnership between US Steel Corp and Nippon Steel Corp has reached a new phase, with an agreement on US national security guarantees, in addition to the so-called “golden share” advantage obtained by US President Donald Trump’s administration.

U.S. Steel’s board and shareholders had approved Nippon Steel’s bid, but it was opposed by the ... Dyson’s powerful Supersonic Nural Hair Dryer is on sale for 20% off Get 20% off Dyson's Supersonic hair dryer right now on Amazon.

President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of the investment being made by Nippon Steel