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 after taking a stake in the company.
Asset Manager Challenges Nippon Steel's Takeover of US Steel
An asset manager, Ancora, is challenging Nippon Steel's proposed takeover of U.S. Steel, calling for new leadership at the steelmaker after acquiring a small stake in the company. U.S. Steel is one of the major producers of steel in the U.
Asset manager 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 is opposed to U.S. Steel’s agreement with Nippon and believes that the company’s board and CEO David Burritt have prioritized getting the deal done because they stand to receive more than $100 million if it goes forward.
Ancora Challenges Nippon Steel's US Steel Takeover
The asset management firm Ancora is challenging Nippon Steel's proposed acquisition of US Steel following its purchase of a 0.18% stake in the American company. Ancora has accused the US Steel board and CEO David Burritt of pushing the $15 billion deal with Nippon Steel due to a potential $100 million windfall they'll receive if the deal closes.
The Asian Age10h
Tata Steel reaffirms its long-term commitment to Odisha’s growth story
The steel major has set up a dedicated pavilion Utkarsh Odisha Conclave showcasing its pioneering efforts in innovation, ...
Plant Services2h
Nucor invests $200M to open utility structures manufacturing plant in Utah
Nucor is currently building two utility structures production facilities in Decatur, Alabama, and Crawfordsville, Indiana.
Tata Steel plans to add 10 mtpa capacity in Odisha
Tata Steel plans to add 10 million tonne per annum (mtpa) of fresh capacity in Odisha in the long term. The company is in the ...
Auburn Citizen1d
'Pivotal to America': Auburn steel manufacturer subject of exhibit at Syracuse museum
Upon entering the lobby of the Milton J. Rubenstein Museum of Science and Technology in Syracuse, visitors are greeted by ...
Hyundai Steel actively considering building US plant
South Korea's Hyundai Steel , an affiliate of automakers Hyundai Motor and Kia , said on Wednesday it is actively considering building a steel plant in the United States.
Hosted on MSN2d
President Museveni commissions new steel plant in Iganga
President Yoweri Kaguta Museveni on Saturday officiated the commissioning of a new direct reduced iron (DRI) plant at Tembo Steels in Kasolo village, Bulamagi sub-county, Iganga district.Founded in ...
3 injured in reported explosion at plant in Lower Burrell, Westmoreland County
A fire chief said one of the patients was flown to a hospital after an incident at Braeburn Alloy Steel in Lower Burrell.
China Internet Information Center8d
China's manufacturing industry consumed greater share of steel in 2024
The proportion of steel used in China's manufacturing industry increased to 50 percent in 2024, up from 42 percent in 2020, ...
Centre approves Rs 10,300 crore aid for Visakhapatnam Steel Plant amidst salary woes
VISAKHAPATNAM: In what could bring a temporary relief to Visakhapatnam Steel Plant (VSP), the Centre is expected to announce ...