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U.S. Steel posts muted quarterly results amid Nippon deal snag

U.S. Steel reported fourth-quarter loss and revenue that matched Wall Street estimates on Thursday, dented by price declines and a bumpy demand environment. The industry has been struggling, as distributors have refrained from purchasing material in excess of their inventory amid a supply glut fueled by domestic production and imports.

The New York Times · 3d

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.

Recycling Today · 3d

US Steel stakeholder seeks to stop Nippon deal, change leadership

Ohio-based Ancora Holdings Group is suggesting former Stelco Holdings Inc. CEO Alan Kestenbaum replace U.S. Steel’s CEO, David Burritt, along with a new board of directors.

The Times of Northwest Indiana · 3d

Activist investor seeks to buy U.S. Steel, oust CEO and kill Nippon Steel deal

An activist investor has bought a significant stake in U.S. Steel and is now looking to oust CEO David Burritt, install new leadership and kill the Nippon Steel deal.

UPI News on MSN · 3d

Activist investor Ancora calls for new leadership at U.S. Steel

Activist investor Ancora called for a shakeup in U.S. Steel leadership on Monday and adding new members to the board of directors after the company's failed sale to Nippon Steel.

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 ...

17m

U.S. Steel Tempers Profit Outlook on Steel-Market Doldrums

U.S. Steel is fighting in court to save its sale to Tokyo-based Nippon Steel, while dealing with an activist investor aiming to replace its CEO. And on Thursday, it forecast profits continuing to ...

RealClearMarkets17h

A Case For and Against Nippon's U.S. Steel Acquisition

President Biden’s decision to block the purchase of U.S. Steel by Japan’s Nippon Steel constitutes a legally questionable use ...

3don MSN

Ancora nominates nine candidates to U.S. Steel board, pushes to end Nippon deal

Activist investor Ancora has nominated nine candidates to U.S. Steel's board of directors, as it looks to oust company CEO ...

3don MSN

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 ...

Cleveland2d

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 U.S. Steel to drop its merger agreement with Japanese-owned Nippon Steel, end ...

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