U.S. Steel, Ancora

Activist Investor Seeks to Oust U.S. Steel Chief Over Nippon Deal
The two steel makers are seeking to revive Nippon Steel’s $14 billion takeover of U.S. Steel after it was blocked by the Biden administration.
Activist Ancora Pushes U.S. Steel to Drop Merger With Nippon Steel, Oust CEO
Activist investor Ancora Holdings is waging a proxy battle at U.S. Steel and wants the company to turn the page from its failed marriage with Nippon Steel. Ancora unveiled a plan that would rally shareholders around a plan to oust U.
Ancora nominates nine candidates to U.S. Steel board, pushes to end Nippon deal
Activist investor Ancora has nominated nine candidates to U.S. Steel's board of directors, as it looks to oust company CEO David Burritt and push the American steelmaker to back out of a $14.9 billion merger deal with Japan's Nippon Steel.
US Steel's merger with Nippon Steel challenged by activist investor
Activist investor Ancora Holdings Group has launched a proxy battle against US Steel. The firm has nominated nine candidates for US Steel's board, including Alan Kestenbaum, former CEO of Stelco Holdings Inc. Ancora is also pushing for Kestenbaum to replace US Steel's current CEO David Burritt.
Cleveland-based activist Ancora seeks U.S. Steel board revamp, end of Nippon deal
Cleveland-Cliffs Inc. was among several steelmakers that participated in an auction for U.S. Steel in 2023 before being outbid by Nippon Steel. Cleveland-Cliffs is now partnering with Nucor Corp. to weigh a potential joint bid for US Steel, Bloomberg News has reported.
U.S. Steel pushes back on activist fund's call to drop Nippon Steel deal
NEW YORK -- U.S. Steel on Monday defended its $14.9 billion tie-up with Nippon Steel after American activist investor Ancora called for a board shakeup to abandon the transaction. "Our stockholders will not be well served by turning over control of the Company to Ancora," U.S. Steel in a statement.
Activist Ancora to Push U.S. Steel to Drop Nippon Merger and Oust CEO, WSJ Reports
The exact size of Ancora's stake in U.S. Steel could not be determined. The activist investor also intends to rally shareholders around a plan to oust U.S. Steel's top boss David Burritt, the report said.
Investor seeks to quash US Steel-Nippon deal after taking stake in US steelmaker
An asset manager is seeking to quash Nippon Steel's takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company. Ancora reported acquiring a 0.18% stake in the Pittsburgh company and said Monday that the board of U.
Why activist investor Ancora Holdings wants US Steel to drop Nippon merger?
Activist investor Ancora Holdings has acquired a stake in US Steel and is urging the steelmaker to abandon its merger agreement with Japan’s Nippon Steel, according to a Wall Street Journal report. Ancora intends to encourage shareholders to remove US Steel’s CEO David Burritt,
New player arrives in US Steel-Nippon takeover saga with the goal of quashing it
An asset manager is seeking to quash Nippon Steel's takeover of U.S. Steel and oust the leadership of the U.S. steelmaker ...
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Investment Firm Launches Bid to Nix U.S. Steel Sale
Ancora Holdings Group announced in a January 27 letter that it had nominated a new CEO and a slate of directors who would ...
US Steel now all about striking while iron is hot
The long United States Steel saga has suddenly become a matter of urgency. Boss David Burritt is fighting to salvage a $15 ...
Asset manager Ancora just bought a stake in U.S. Steel—and it wants to oust the company’s leadership and kill Nippon’s $15 billion takeover
U.S. Steel is now in a dire state due its excessive capital spending, high debt, soft earnings and nonexistent contingency ...
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Trump should uphold TikTok ban and allow Nippon Steel deal, Pence says
Former U.S. Vice President Mike Pence called on his former boss to uphold a law banning TikTok for national security reasons ...