Activist investor Ancora Holdings is preparing to wage a proxy battle at U.S. Steel and wants the company to drop its merger agreement with Japan's Nippon Steel, the Wall Street Journal reported on Sunday, citing sources. Ancora also intends to rally shareholders around a plan to oust U.S. Steel's top bos

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Reuters

United Kingdom

Activist Ancora to push U.S. Steel to drop Nippon merger and oust CEO, WSJ reports

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

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The Independent

Evgeny Lebedev

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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.

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Independent Media

United States

New player arrives in US Steel-Nippon takeover saga with the goal of quashing it

Activist investor Ancora Holdings has built a stake in U.S. Steel and wants the steelmaker to drop its merger agreement with Japan's Nippon Steel , the Wall Street Journal reported on Sunday, citing sources.

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abc News

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Investor seeks to quash US Steel-Nippon deal after taking stake in US steelmaker

NEW YORK, Jan. 27 (Xinhua) -- 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. Read full story

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Ancora arrives in U.S. Steel-Nippon takeover with goal of quashing

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Activist Ancora to push US Steel to drop Nippon merger and oust CEO, WSJ reports

Activist investor Ancora has nominated nine candidates to U.S. Steel's board after reporting a 0.18% stake in the steelmaker, the company said on Monday.

CNBC

Roberts family

Ancora nominates nine candidates to U.S. Steel board, pushes to end Nippon deal

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 Holdings Group, with $10 billion in assets, reported acquiring a 0.18% stake in the Pittsburgh company. It said Monday that U.S. Steel CEO David Burritt and the company's board have prioritized a sale to Nippon because they stand to receive more than $100 million if it goes forward.…

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United States Steel Corporation (NYSE:X) has issued a response to activist investor Ancora Catalyst Institutional, LP, which holds a 0.18% stake in the company. Ancora has proposed nine candidates for election to the U.S. Steel Board of Directors at the upcoming 2025 annual stockholder meeting. The company highlighted the independence of its current Board and its strong history of driving shareholder value, particularly through its collaboration…

Benzinga

New York

Ancora Holdings Readies Proxy Fight At US Steel Amid Merger Chaos - Nippon Steel (OTC:NISTF)

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Activist Investor Ancora Challenges US Steel Leadership and Merger Deal

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