Large US Steel Holder Against Activist's Push to End Sale to Nippon Steel - Report

Seeking Alpha04:45

Market Chatter: US Steel Attracts Interest From Activist Investor Pick for CEO

MT Newswires04:24

Express News | Activist Pick for US Steel CEO Alan Kestenbaum Eyes Major Stake if Given Top Job - Bloomberg News

Breakings03:33

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.

AASTOCKS01:29

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."

Zhitong FinanceJan 27 21:44

U.S. Steel Rejects Calls by Activist Investor Ancora to Replace Board Members, Sink Nippon Merger

MT NewswiresJan 27 20:32