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 Biden administration.
U.S. Steel and an activist investor are sparring over Nippon sale
U.S. Steel yesterday disavowed a push from activist investor Ancora Holdings to drop its proposed sale to Japan's Nippon Steel Co. Why it matters: The future of the Pittsburgh icon is in limbo after a proposal to sell the company to Nippon was blocked by then-President Biden four weeks ago,
Activist investor Ancora calls for new leadership at U.S. Steel
Activist investor Ancora called for a shakeup in U.S. Steel leadership on Monday and adding new members to the board of directors after the company's failed sale to Nippon Steel.
Ancora nominates nine candidates to U.S. Steel board, pushes to end Nippon deal
Activist investor Ancora has nominated nine candidates to U.S. Steel's board of directors, as it looks to oust company CEO David Burritt and push the American steelmaker to back out of a $14.9 billion merger deal with Japan's Nippon Steel.
Investor seeks to quash U.S. Steel-Nippon deal after taking stake in Pittsburgh company
Ancora Holdings Group said the board of U.S. Steel and its CEO have prioritized the sale to Nippon because they stand to profit if it goes forward.
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
I know I could return U.S. Steel to greatness, says Ancora-backed CEO candidate Alan Kestenbaum
Alan Kestenbaum, Ancora CEO and Director Candidate for U.S. Steel; Former Stelco Chairman and CEO, joins 'Closing Bell Overtime' to talk the possibility of taking over U.S. Steel and his plans for the company if he does so.
Nucor may be interested in acquiring parts of U.S. Steel if Nippon Steel deal falls through
Nucor may be interested in acquiring parts of U.S. Steel if the $14.9 billion deal for Nippon Steel to purchase U.S. Steel falls through.
U.S. Steel rebuffs activist fund's bid to hamper Nippon Steel deal
United States Steel Corp. on Monday rebuffed activist investor Ancora Holdings' proposal for a board shakeup aimed at thwarting Nippon Steel Corp.'s plan to buy out the U.S. steelmaker. The announcement came after The Wall Street Journal reported that Ancora,
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.
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 ...
New player arrives in U.S. 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 ...
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Activist Ancora's pick for U.S. Steel CEO eyes major stake if given job
Kestenbaum, currently the CEO of private equity firm Bedrock Industries Group, is known as a turnaround artist. At one time ...
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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 ...
Hearing on Nippon Steel's Lawsuit Over U.S. Steel Bid Set for Feb-March, Kyodo Says
TOKYO (Reuters) - The hearing for a lawsuit that Nippon Steel and U.S. Steel brought against U.S. President Joe Biden's ...
Nearly 1,000 arrests by ICE, other federal agencies across U.S. to enforce immigration
Nearly 1,000 people were arrested by federal agencies in a blitz to enforce immigrations policies across the United States, ...
Analysis-Companies race to ship goods to the US ahead of potential tariffs
By Arriana McLymore, Helen Reid and Emma Rumney NEW YORK/LONDON (Reuters) - In recent months, plenty of business executives ...