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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.
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.
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.
1h
on MSN
US Steel posts muted quarterly results amid Nippon deal snag
U.S. Steel reported fourth-quarter loss and revenue that matched Wall Street estimates on Thursday, dented by price declines ...
3d
on MSN
US Steel says committed to Nippon Steel, Ancora's interests not aligned with shareholders
US Steel (NYSE:X) said Monday it is still committed to pursuing a sale to Nippon Steel (OTCPK:NPSCY) (OTCPK:NISTF), saying ...
RealClearMarkets
1d
A Case For and Against Nippon's U.S. Steel Acquisition
President Biden’s decision to block the purchase of U.S. Steel by Japan’s Nippon Steel constitutes a legally questionable use ...
5h
Nippon, US Steel appeal against Biden ruling starts Monday
Nippon Steel and US Steel's court appeal starts on Monday, with the companies seeking to overturn a ruling that blocks their merger plan. Amid the legal fight, poor earnings at US Steel indicate the ...
3d
US Steel now all about striking while iron is hot
The long United States Steel saga has suddenly become a matter of urgency. Boss David Burritt is fighting to salvage a $15 ...
Mining
4d
Activist Ancora to push US Steel to drop Nippon merger and oust CEO
Activist investor Ancora Holdings has built a stake in US Steel and wants the steelmaker to drop its merger agreement.
newsbytesapp.com
3d
US Steel's merger with Nippon Steel challenged by activist investor
Activist investor Ancora Holdings Group has launched a proxy battle against US Steel. The firm has nominated nine candidates ...
Transport Topics
2d
US Steel Investor Pentwater Opposes Ancora’s Proxy Proposal
Pentwater, the third-largest investor in U.S. Steel, said it opposes moves by activist investor Ancora Holdings Group to ...
Opinion
3d
Opinion
Ancora wants to make US Steel great again
Cleveland-based activist investor Ancora is pushing for U.S. Steel to elect a new board of directors that would stop its ...
Hosted on MSN
18h
US Steel Stock Steady Ahead Of Q4 Earnings As Investors Watch For Acquisition Updates: Retail Sentiment Divided
Shares of U.S. Steel Corp. (X) held steady with gains of nearly 0.5% in morning trade on Thursday as investors keep their ...
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United States
Alan Kestenbaum
Ancora
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