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New player arrives in US Steel-Nippon takeover saga with the goal of quashing it
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 billion in assets,
Asset Manager Challenges Nippon Steel's Takeover of US Steel
An asset manager, Ancora, is challenging Nippon Steel's proposed takeover of U.S. Steel, calling for new leadership at the steelmaker after acquiring a small stake in the company. U.S. Steel is one of the major producers of steel in the U.
Asset manager seeks to quash US Steel-Nippon deal after taking stake in US steelmaker
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 is opposed to U.S. Steel’s agreement with Nippon and believes that the company’s board and CEO David Burritt have prioritized getting the deal done because they stand to receive more than $100 million if it goes forward.
Cleveland
2h
Northeast Ohio company steps forward in bid to save U.S. Steel, and its not Cleveland-Cliffs
CLEVELAND — 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 ...
WVXU
10d
Steel decarbonization will add to Ohio's growing electricity demand
The Clean Energy Buyer's Association found that by 2050, the U.S. steel industry will require 10 times as much electricity as ...
15h
Activist shareholder reportedly planning proxy battle at U.S. Steel
An activist shareholder is planning a proxy battle at United States Steel Corp. to force the end of the controversial $14.9 ...
Cleveland
11d
If Cleveland-Cliffs acquires US Steel, its CEO says the headquarters of the new company would be in Pittsburgh
If Cleveland-Cliffs is able to acquire US Steel, its CEO says the headquarters of the new entity would be in Pittsburgh, not ...
Hosted on MSN
12d
A new rival bid for US Steel is emerging as the US extends deadline on Nippon’s bid blocked by Biden
HARRISBURG, Pa. (AP) - The bid by Japan’s Nippon
Steel
to buy
U.S
.
Steel
may have a new lease on life, even as the ...
13d
on MSN
Report: Cleveland-Cliffs, Nucor float new joint bid for U.S. Steel
Cleveland-Cliffs offered the company roughly $7.3 billion for a buyout in July 2023, though it was rebuffed. In a lawsuit ...
The Repository on MSN
8d
If President-elect Donald Trump enacts tariffs, will it impact the Stark County region?
President-elect Donald Trump has promised to enact tariffs on imports, primarily those from China, on day one.
1h
on MSN
Ancora moves to block U.S. Steel sale to Nippon, oust CEO
Ancora Holdings Group, with $10 billion in assets, reported acquiring a 0.18% stake in the Pittsburgh company. It said Monday ...
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