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.
The battle over American manufacturing icon U.S. Steel just got a little stranger than it already was. An activist investor ...
As U.S. Steel's potential $14.9 billion acquisition faces hurdles, a new challenger emerges with a different vision for the company. One of the largest shareholders in United States Steel Corp ...
The exact size of Ancora's stake in U.S. Steel could not be determined. The activist investor also intends to rally ...
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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