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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.
Investor 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.
Crain's Cleveland Business
18h
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 ...
1d
on MSN
U.S. Steel Stock Falls. Another Actor Enters the Merger Drama.
Ancora’s interests are not aligned with all U.S. Steel stockholders. Our stockholders will not be well served by ...
7h
on MSN
Nucor CEO says he's optimistic about what Trump policies mean for steel trade
In a Tuesday interview with CNBC’s Jim Cramer, Nucor CEO Leon Topalian expressed optimism about what Trump’s tariff policies ...
1d
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 ...
1d
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 ...
BizWest
9h
Steel Connect continues DMC Global acquisition effort, blasts board
In a letter to DMC Global Inc.’s (Nasdaq: BOOM) board of directors, Warren Lichtenstein, the executive chairman of ...
1d
on MSN
Ancora nominates nine candidates to U.S. Steel board, company says
Activist investor Ancora has nominated nine candidates to U.S. Steel's board of directors after reporting a 0.18% stake in ...
11h
Activists hold US Steel CEO’s feet to the smelter
David Burritt will have to provide a vision of how the company can thrive on its own if a Nippon Steel deal does not materialise ...
6h
Banks Tip Steel-Making Coal As A Money Making Opportunity
India and the U.S. are plugging a hole in the market for steel-making coal caused by declining demand in China which has in turn opened opportunities for investors.
1d
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 ...
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