New Logo Nippon Steel

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.

Newsweek on MSN · 2d

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.

Newser on MSN · 2d

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 Associated Press on MSN15d

A new rival bid for US Steel is emerging as the US extends deadline on Nippon's bid blocked by Biden

HARRISBURG, Pa. — The bid by Japan's Nippon Steel to buy U.S. Steel may have a new lease on life, even as the ...

14d

Nippon Steel Wants to Work With Trump Administration on US Steel Deal, Mori Tells WSJ

Last week, Nippon Steel and U.S. Steel filed two lawsuits after U.S. President Joe Biden blocked a $14.9 billion buyout of the American steelmaker by the Japanese firm. President-elect Donald Trump ...

Ancora nominates slate of director candidates, proposes new CEO for U.S. Steel

Ancora Holdings issued the below open letter to the board of directors of United States Steel (X) regarding a variety of issues, including the ...

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 ...

5dOpinion

Where is Josh Shapiro on U.S. Steel?

If the Pennsylvania governor doesn’t finally start leading, an iconic Pittsburgh-based company may die, writes Nathan ...

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