President Joe Biden announced he was suspending the purchase of U.S. Steel by Japan’s Nippon Steel, citing the sale as a potential threat to national security. The a
David Burritt will have to provide a vision of how the company can thrive on its own if a Nippon Steel deal does not materialise
Activist investor Ancora Holdings wants US Steel ( NYSE: X) to scuttle its planned more than $14 billion sale to Nippon Steel ( OTCPK:NPSCY) after it was blocked by former President Joe Biden.
(Reuters) -Activist investor Ancora has nominated nine candidates to U.S. Steel's board of directors, as it looks to oust company CEO David Burritt and push the American steelmaker to back out of a $14.9 billion merger deal with Japan's Nippon Steel.
Ancora Holdings, an activist investor, is challenging U.S. Steel's merger with Nippon Steel. They've launched a proxy battle intending to replace CEO David Burritt and have nominated nine board candidates.
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The long United States Steel saga has suddenly become a matter of urgency. Boss David Burritt is fighting to salvage a $15 billion sale to Nippon Steel . Rival bidder Cleveland-Cliffs wants another shot at a takeover.
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.
It said Monday that U.S. Steel CEO David Burritt and the company's board have ... more than $100 million if it goes forward. President Joe Biden blocked the nearly $15 billion acquisition this ...
The activist investor also intends to rally shareholders around a plan to oust US Steel’s top boss David Burritt ... former US President Joe Biden blocked Nippon Steel’s US$14.9 billion ...