Ancora wants new board members to focus on U.S. Steel's turnaround, not selling the company. It also wants them to pursue the $565 million breakup fee from Nippon.

Ancora reported acquiring a 0.18% stake in the Pittsburgh company and said Monday that the board of U.S. Steel and its CEO David Burritt have prioritized the sale to Nippon because they stand to ...

In 2023, U.S. Steel shocked the region and the nation when it agreed to sell a company that was once the largest in the world to Nippon Steel for over $14 billion.

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 ...

Earlier this month, former U.S. President Joe Biden blocked Nippon Steel's $14.9 billion deal for U.S Steel on national security grounds and delayed an order until June for Nippon to abandon the bid.

Jan. 27 (UPI) --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.

The Nippon Steel deal, supported by over 98% of voting shareholders, has faced opposition from Ancora in the past. However, Ancora has recently shifted its stance, now backing the transaction.

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 ...

PITTSBURGH—The investment firm Ancora is pushing U.S. Steel shareholders to drop the Nippon Steel merger and oust CEO David Burritt, a move that would align with President Donald Trump’s ...

In 2023, U.S. Steel shocked the region and the nation when it agreed to sell a company that was once the largest in the world to Nippon Steel for over $14 billion.