By Steve Holland and Alexandra Alper WASHINGTON (Reuters) -Shares of U.S. Steel rose 5% on Monday, as a $14.9-billion bid for the well-known American firm from Nippon Steel approached the finish line and after details of the U.

U.S. Steel’s so-called “partnership” with Nippon appears to be nearing its end after about 18 months after it was announced.

Administration officials secured a deal that will give the president unusual influence over a private company, and could serve as a model for other deals.