Activist investor Ancora Holdings wants U.S. Steel to drop Nippon merger and oust CEO.

From Investing.com: 2025-01-26 21:40:36

Activist investor Ancora Holdings wants U.S. Steel to end merger with Nippon Steel, aiming to remove CEO David Burritt. Ancora, not looking to sell U.S. Steel, nominated former Stelco chief Alan Kestenbaum to the board. Biden blocked Nippon Steel’s $14.9 billion bid, leading to lawsuits. Trump also opposes the acquisition.

Cleveland-Cliffs and Nucor considering all-cash bid for U.S. Steel. Previous proposal by Cleveland-Cliffs raised antitrust concerns and potential consolidation of steel supply to U.S. automakers. Deal could lead to one company controlling up to 95% of U.S. iron ore production.



Read more at Investing.com: Activist Ancora to push U.S. Steel to drop Nippon merger and oust CEO, WSJ reports By Reuters