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 · 3d

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 · 3d

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.

3don MSN

Ancora moves to block U.S. Steel sale to Nippon, oust CEO

Ancora Holdings Group, with $10 billion in assets, reported acquiring a 0.18% stake in the Pittsburgh company. It said Monday ...

Newsday26d

Biden's decision to block Nippon Steel takeover creates uncertainty for U.S. Steel workers

In making its nearly $15 billion bid for the storied Pittsburgh-based steelmaker, Nippon Steel ... U.S. Steel employed 340,000 people. The United States Steel logo is pictured outside the ...

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 ...

Ibj.com6d

New player arrives in U.S. Steel-Nippon takeover saga with goal of quashing it

U.S. Steel said it remains committed to pursuing a deal with Nippon, believing it is best for the U.S. steel industry, supply ...

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 ...

6dOpinion

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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