U.S. Steel, Ancora

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. Ancora is opposed to U.S. Steel’s agreement with Nippon and believes that the company’s board and CEO David Burritt have prioritized getting the deal done because they stand to receive more
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.
Activist Ancora Pushes U.S. Steel to Drop Merger With Nippon Steel, Oust CEO
Activist investor Ancora Holdings is waging a proxy battle at U.S. Steel and wants the company to turn the page from its failed marriage with Nippon Steel. Ancora unveiled a plan that would rally shareholders around a plan to oust U.
Cleveland-based activist Ancora seeks U.S. Steel board revamp, end of Nippon deal
Cleveland-Cliffs Inc. was among several steelmakers that participated in an auction for U.S. Steel in 2023 before being outbid by Nippon Steel. Cleveland-Cliffs is now partnering with Nucor Corp. to weigh a potential joint bid for US Steel, Bloomberg News has reported.
Ancora nominates nine candidates to U.S. Steel board, company says
On Sunday, the Wall Street Journal reported that Ancora intends to rally shareholders to oust U.S. Steel's CEO David Burritt. It also plans to pressure the company to drop its merger agreement with Japan's Nippon Steel .
Ancora seeks U.S. Steel board revamp, end to Nippon Steel deal
The Cleveland-based activist investor intends to push U.S. Steel to end litigation aimed at rescuing the Nippon Steel deal and instead collect a $565 million breakup fee.
Why activist investor Ancora Holdings wants US Steel to drop Nippon merger?
Activist investor Ancora Holdings has acquired a stake in US Steel and is urging the steelmaker to abandon its merger agreement with Japan’s Nippon Steel, according to a Wall Street Journal report. Ancora intends to encourage shareholders to remove US Steel’s CEO David Burritt,
Activist shareholder reportedly planning proxy battle at U.S. Steel
An activist shareholder is planning a proxy battle at United States Steel Corp. to force the end of the controversial $14.9 ...
Cleveland46m
Northeast Ohio company steps forward in bid to save U.S. Steel, and its not Cleveland-Cliffs
CLEVELAND — 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 ...
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Trump should uphold TikTok ban and allow Nippon Steel deal, Pence says
Former U.S. Vice President Mike Pence called on his former boss to uphold a law banning TikTok for national security reasons ...
Hearing on Nippon Steel's lawsuit over U.S. Steel bid set for Feb-March, Kyodo says
The hearing for a lawsuit that Nippon Steel and U.S. Steel brought against U.S. President Joe Biden's administration is ...
A new rival bid for US Steel is emerging as the US extends deadline on Nippon's bid blocked by Biden
The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life, even as the potential for a new bid for the ...
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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ArcelorMittal-Nippon Steel's Rs1.4 lakh crore investment boosts Andhra Pradesh's industrial landscape
Andhra Pradesh Chief Minister N. Chandrababu Naidu announced a landmark Rs1.4 lakh crore investment by ArcelorMittal/Nippon ...
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Could a new political consensus be forged in steel?
With the Nippon Steel purchase of U. S. Steel scuttled by presidential decree, might Cleveland-Cliffs join forces with Nucor ...