US Steel said Ancora’s interests are not aligned with all shareholders
Activist investor Ancora wants US Steel shareholders to reject the takeover by Nippon Steel, the Wall Street Journal reported on Sunday.Insiders said Ancora, which has an approximately 0.18% stake in US Steel, is preparing a proposal to back out of the deal and remove chief executive David Burritt from his role. It also submitted nine nominees to stand for election to the steelmaker's board.
The transaction has received overwhelming support from our stockholders, communities and employees – including local union leadership."Earlier this month, former US President Joe Biden announced that he would block Nippon's $14.9 billion acquisition of US Steel, citing national security concerns.In response to Biden's decision, Nippon Steel and US Steel filed multiple lawsuits.A bid from Cleveland Cliffs in August 2023 launched a bidding war on US Steel.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Biden blocks Nippon Steel’s $15bn takeover of US SteelGet the latest news, analysis and opinion on Foreign investment in US
Weiterlesen »
Nippon Steel CEO Challenges Biden's US Steel Deal BlockEiji Hashimoto argues tariffs alone cannot strengthen the US steel industry and seeks to reopen a national security review under the Trump administration.
Weiterlesen »
Nippon Steel and US Steel Sue Biden to Force Approval of $15 Billion MergerNippon Steel and US Steel are suing President Biden, hoping to overturn his decision to block their $15 billion merger. The companies allege Biden acted to secure union support in the 2020 election and are betting on a Trump presidency to reverse the decision.
Weiterlesen »
Nippon Steel and US Steel Sue Biden After $15 Billion Merger BlockedThe companies allege 'unlawful political interference' and 'illegal and coordinated actions' by rivals in the US to prevent the deal.
Weiterlesen »
Biden Blocks Nippon Steel's Acquisition of U.S. Steel, Citing National SecurityPresident Biden intervened to block Nippon Steel's acquisition of U.S. Steel, emphasizing the importance of a robust domestic steel industry for national security.
Weiterlesen »
Nippon Steel and US Steel File Lawsuits After Biden Blocks TakeoverThe US government blocked Japan's Nippon Steel from acquiring American steelmaker US Steel, citing national security concerns. Nippon Steel and US Steel have filed multiple lawsuits in response to the decision, which was announced by President Biden last Friday. Both companies maintain that the transaction would have enhanced, not threatened, US national security.
Weiterlesen »