American Steel Companies

U.S. Steel, 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.

UPI · 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 directors after the company's failed sale to Nippon Steel.

U.S. News & World Report · 1d

Ancora Nominates Nine Candidates to U.S. Steel Board, Pushes to End Nippon Deal

Reuters reported earlier this month that Cleveland-Cliffs was partnering with Nucor for a new all-cash bid for U.S. Steel after former U.S. President Joe Biden blocked Nippon Stee

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 ...

15don MSN

American based steel company Cleveland Cliffs wants to put together deal to buy U.S. Steel

This comes after President Joe Biden recently blocked Japan-based Nippon Steel from buying U.S. Steel, calling it a national ...

28d

Japanese buyer sends Biden new U.S. Steel proposal in final bid for support

Nippon Steel sent a new proposal in its bid to buy U.S. Steel, including giving the U.S. government a veto over any reduction ...

Cleveland14h

Northeast Ohio company steps forward in bid to save U.S. Steel, and it's not Cleveland-Cliffs

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 ...

13d

Nippon Steel Wants to Work With Trump Administration on US Steel Deal, Mori Tells WSJ

Last week, Nippon Steel and U.S. Steel filed two lawsuits after U.S. President Joe Biden blocked a $14.9 billion buyout of ...

Mining1d

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

Activist investor Ancora Holdings has built a stake in US Steel and wants the steelmaker to drop its merger agreement.

1don MSN

U.S. Steel Stock Falls. Another Actor Enters the Merger Drama.

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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