U.S. Steel pushes back on activist fund’s call to drop Nippon Steel deal

January 27, 2025

NEW YORK — U.S. Steel on Monday defended its $14.9 billion tie-up with Nippon Steel after American activist investor Ancora called for a board shakeup to abandon the transaction.

“Our stockholders will not be well served by turning over control of the Company to Ancora,” U.S. Steel in a statement.

byWeb Desk

Published January 27, 2025

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