Nippon Steel, a Japanese company, has offered to buy US Steel for $14.9 billion, yet both Joe Biden and president-elect Donald Trump strongly oppose the deal.
The government could let them buy controlling stock so they can run the company then start paying them back for the stock in installments with a guaranteed ROI on the final buy-back by local interests, not counting whatever ROI the buyers can muster up in the interim. That would be fair and it would secure American interest while making fools of the politicians and management that created the situation.