Nippon Steel Acquired U.S. Steel

Activist Investor Seeks to Oust U.S. Steel Chief Over Nippon Deal

The two steel makers are seeking to revive Nippon Steel’s $14 billion takeover of U.S. Steel after it was blocked by the Biden administration.

The Associated Press on MSN · 15h

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 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

invezz on MSN · 20h

Why activist investor Ancora Holdings wants US Steel to drop Nippon merger?

Activist investor Ancora Holdings has acquired a stake in US Steel and is urging the steelmaker to abandon its merger agreement with Japan’s Nippon Steel, according to a Wall Street Journal report. Ancora intends to encourage shareholders to remove US Steel’s CEO David Burritt,

Newsweek on MSN · 11h

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.

14don MSN

Biden Extends Deadline for Nippon's US Steel Bid, Keeping Deal Alive

President-elect Donald Trump has also expressed strong opposition to Japanese ownership of infrastructure giant.

21d

US Steel, Nippon Steel sue Biden admin over blocked acquisition

Nippon Steel and U.S. Steel have filed a lawsuit challenging the Biden administration's order to block the nearly $15 billion ...

Ancora's bid to replace U.S. Steel CEO faces opposition by Allegheny Conference, major shareholder

A major economic development group said it still supported Nippon Steel's bid to acquire U.S. Steel, hours after a proxy ...

NBC 10 Philadelphia21d

Nippon and US Steel file suit after Biden administration blocks $15 billion deal

Nippon Steel and U.S. Steel filed a federal lawsuit challenging the Biden administration's decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S ...

Detroit News24d

Biden rejects Nippon Steel's proposed deal to acquire US Steel

Washington — President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel – affirming his earlier vow on the ...

14d

U.S. Steel, Nippon Steel urge court to do quick review of challenge to Biden's block

The companies, whose $55 a share cash deal to acquire U.S. Steel was first proposed Dec. 18, 2023, are working against a June ...

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