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Ancora, U.S. Steel
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,
Activist Ancora to Push U.S. Steel to Drop Nippon Merger and Oust CEO, WSJ Reports
The activist investor is not interested in pursuing a sale of the American steelmaker to another party, the WSJ reported, adding that Ancora has nominated nine director candidates to the company's 12-person board, including Stelco's former chief Alan Kestenbaum.
Activist Ancora to push US Steel to drop Nippon merger and oust CEO
The activist investor also intends to rally shareholders around a plan to oust US Steel’s top boss David Burritt, says a Wall Street Journal report.
13d
A new rival bid for US Steel is emerging as the US extends deadline on Nippon's bid blocked by Biden
The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, even as the potential for a new bid for the ...
13d
on MSN
Biden Extends Deadline for Nippon's US Steel Bid, Keeping Deal Alive
President-elect Donald Trump has also expressed strong opposition to Japanese ownership of infrastructure giant.
13d
Japanese Prime Minister raises concerns with Biden over his move to block Nippon Steel deal for US Steel
Japan Prime Minister Shigeru Ishiba asked U.S. President Joe Biden to allay concerns in the Japanese and U.S. business ...
The Associated Press on MSN
13d
Biden administration extends deadline on Nippon-U.S. Steel deal, offering some hope for merger
The bid by Japan's Nippon
Steel
to buy U.S.
Steel
may have a new lease on life after the
Biden
administration extended ...
JD Supra
5d
Biden Administration's Blocking Order Sparks Legal Battles
President Joe Biden on Jan. 3, 2025, issued a blocking order (the Order) addressing the proposed acquisition of United States Steel Corporation ...
13d
U.S. Steel, Nippon Steel urge court to do quick review of challenge to Biden's block
The companies, whose $55 a share cash deal to acquire U.S. Steel was first proposed Dec. 18, 2023, are working against a June ...
Kyodo News on MSN
6d
Nippon Steel's trial against Biden set to start in early February
The trial for Nippon Steel Corp.'s lawsuit seeking to nullify U.S. President Joe Biden's decision to block its $14.1 billion ...
6d
Nippon Steel court appeal against Biden ruling to start in Feb.
Nippon Steel's lawsuit to overturn a decision to block its purchase of US Steel will have a first hearing in court on ...
13d
Biden Administration Extends Deadline for Nippon Steel's Acquisition of US Steel
The Biden Administration has extended the deadline for Nippon Steels acquisition of US Steel, providing a new opportunity for ...
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