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United States Steel Newsroom
Large US Steel Holder Against Activist's Push to End Sale to Nippon Steel - Report
Market Chatter: US Steel Attracts Interest From Activist Investor Pick for CEO
Express News | Activist Pick for US Steel CEO Alan Kestenbaum Eyes Major Stake if Given Top Job - Bloomberg News
United States Steel (X.US) rejected calls from activist Funds to abandon Trade with Japan.
After radical investors Ancora in the United States called for a reorganization of the Board of Directors to abandon the Trade, United States Steel (X.US) defended its $14.9 billion partnership with Nippon Steel on Monday. United States Steel stated in a press release that handing over control of the company to Ancora would not benefit Shareholders. After Ancora criticized the sale decision as a "dead end," the company claimed it still believes that the partnership with Nippon Steel is the best deal for United States Steel and American jobs.
United States Steel (X.US) supports the acquisition of Nippon Steel and firmly opposes Ancora's entry.
United States Steel (X.US) stated on Monday that it remains committed to selling the company to Nippon Steel and said, "Transferring control of the company to Ancora offers no benefits to our Shareholders."
U.S. Steel Rejects Calls by Activist Investor Ancora to Replace Board Members, Sink Nippon Merger
Express News | Ancora: Expresses Concern About U.S. Steel Board and David Burritt Continuing to Devote Immense Resources to Litigation Despite Legal Headwinds
Express News | Ancora: Not Trying to Solicit Alternative Bids and Sell U.S. Steel
Express News | Ancora: Aims to Install Independent Slate and CEO to US Steel Committed to Abandoning Blocked Nippon Deal
Express News | Ancora Nominates Majority Slate of Director Candidates and Proposes Industry Legend Alan Kestenbaum as New CEO to Turn Around U.S. Steel
U.S. Steel Comes Out Against Ancora After WSJ Report of Potential Proxy Battle
US Steel Says It Stands Committed With Nippon Steel Partnership In Response To Ancora Catalyst's Push To Nominate Candidates For Board Election
Express News | United States Steel Corp: "Ancora's Interests Are Not Aligned With All U. S. Steel Stockholders"
Express News | United States Steel Corp: "Remain Confident That Our Partnership With Nippon Steel Is Best Deal"
Express News | United States Steel Corp: Issues Statement in Response to Ancora
U. S. Steel Reiterates Commitment to Maximizing Value for Stockholders
Express News | US Steel Shares Fall 2.4% Premarket After Report Activist Investor Ancora Holdings Pushes to End Merger With Nippon Steel
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US Steel Investor Ancora Reportedly Seeks End of Nippon Merger, CEO Replacement
According to reports, radical investor Ancora is pushing United States Steel (X.US) to abandon the merger with Japan Steel.
"Bloomberg" cites sources reporting that activist investor Ancora Holdings is preparing to launch a proxy fight against United States Steel (X.US), pushing the company to abandon its lawsuit regarding the merger with Nippon Steel and seeking a termination fee of $0.565 billion. It is reported that Ancora has nominated nine candidates to the Board of Directors of United States Steel, including former Stelco CEO Alan Kestenbaum, as Ancora hopes Kestenbaum can become the CEO of United States Steel.