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One of US Steel's top largest shareholders is against an activist's decision to nominate a slate of directors for the steel operator's board and push to end the $14 billion Nippon Steel (OTCPK ...

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Ancora announced Monday that it has acquired a 0.18 percent stake in Pittsburgh-based U.S. Steel and criticized the company's board and CEO David Burritt for prioritizing the sale to Nippon Steel.

The firm isn’t interested in pursuing a sale of U.S. Steel to another party, Ancora said, confirming an earlier report from The Wall Street Journal.