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 for US Steel's board, including Alan Kestenbaum, former CEO of Stelco Holdings Inc. Ancora is also pushing for Kestenbaum to replace US Steel's current CEO David Burritt.
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.
President Joe Biden announced he was suspending the purchase of U.S. Steel by Japan’s Nippon Steel, citing the sale as a ...
Nucor shares rise after beating Q4 earnings expectations. The company might pursue parts of US Steel if merger deal collapses ...
Ancora Holdings, a Mayfield Heights-based institutional asset management company and private wealth advisor, is calling on U.S. Steel to drop its merger agreement with Japanese-owned Nippon Steel, end ...
The battle over American manufacturing icon U.S. Steel just got a little stranger than it already was. An activist investor ...
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