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U.S. Steel, Nippon deal
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 that U.S. Steel CEO David Burritt and the company’s board have prioritized a sale to Nippon because they stand to receive more than $100 million if it goes forward.
Activist Ancora's pick for U.S. Steel CEO eyes major stake if given job
Kestenbaum, currently the CEO of private equity firm Bedrock Industries Group, is known as a turnaround artist. At one time known for an attempted bid for the National Football League’s Carolina Panthers, the Brooklyn-born native is highly regarded in the steel industry.
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.
Hosted on MSN
16h
3 Steel Stocks Soaring After Tariff Announcements
The broader stock market sentiment has been shaky due to concerns that President Trump will implement potential trade tariffs ...
1d
US Steel now all about striking while iron is hot
The long United States Steel saga has suddenly become a matter of urgency. Boss David Burritt is fighting to salvage a $15 ...
12d
Cleveland-Cliffs: A US Steel Deal Might Not Be Enough To Revive This Old Business
Financial risks and uncertainties surround CLF's potential acquisition of US Steel, but share buyback program offers ...
2d
Northeast Ohio company steps forward in bid to save U.S. Steel, and it's not Cleveland-Cliffs
Ancora Holdings, a Mayfield Heights-based institutional asset management company and private wealth advisor, is calling on ...
12d
U.S. Steel, Nippon Steel spar with Cleveland-Cliffs in court
U.S. Steel and Nippon Steel filed a separate lawsuit in the U.S. Court of Appeals in Washington, D.C., against the Biden ...
2d
on MSN
Investor seeks to quash U.S. Steel-Nippon deal after taking stake in Pittsburgh company
Ancora Holdings Group said the board of U.S. Steel and its CEO have prioritized the sale to Nippon because they stand to ...
Crain's Cleveland Business
2d
Cleveland-based activist Ancora seeks U.S. Steel board revamp, end of Nippon deal
Led by Jim Chadwick, Ancora has focused on campaigns at industrial and transportation companies. In recent years, it has ...
2d
on MSN
U.S. Steel Stock Falls. Another Actor Enters the Merger Drama.
The battle over American manufacturing icon U.S. Steel just got a little stranger than it already was. An activist investor ...
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